Philadelphia, PA – July 27, 2018 – SharedXpertise, publisher of HRO Today Magazine, and PeopleScout, the world’s largest RPO provider and the No. 1 Managed Service Provider on HRO Today’s MSP Baker’s Dozen Customer Satisfaction Ratings for the last two years, have partnered to release the Global Unemployment Report for the first quarter of 2018.
Global unemployment levels remain low, with 24 of 49 countries analyzed reporting levels of 5.0 percent or less, which many economists consider at or near full employment. Full employment means that unemployment has fallen to the lowest possible level without causing inflation. At the end of March, unemployment in the United States held steady at 4.1 percent for the sixth consecutive month. By comparison, unemployment rates were reported as 4.2 percent in the United Kingdom, 3.9 percent in China and 3.5 percent in Germany.
“Economic growth for the first quarter of 2018 has been geographically broad, with growth rates rising in more than half of the world’s economies,” said Larry Basinait, vice president of market research at SharedXpertise. “The global growth rate for 2018 is projected to be 3.1 percent, up slightly from 2017, and is being driven by increased investment, higher inventory turn rates and strengthening demand.”
The report also analyzes the relationship between education level and employment status. “The unemployment rate of a population often significantly drops as education levels increase,” Mr. Basinait notes. “In fact, data reveals that on average, the unemployment rate of the least educated populations is nearly three times higher than the most educated groups. This information can help employers plan recruitment strategies based on the countries in which they operate and the skill levels required.”
PeopleScout, a TrueBlue company, is the world’s largest RPO provider managing talent solutions that span the global economy, with end-to-end MSP capabilities supporting total workforce needs. PeopleScout boasts 98 percent client retention managing the most complex programs in the industry. The company’s thousands of forward-looking talent professionals provide clients with the edge in the people business by consistently delivering now while anticipating what’s next. Affinix™, PeopleScout’s proprietary talent acquisition platform, empowers faster engagement with the best talent through an AI-driven, consumer-like candidate experience with one-point ATS and VMS integration and single sign-on. Leveraging the power of data gleaned from engaging millions of candidates and contingent associates every year, PeopleScout enhances talent intelligence for clients across more than 70 countries with headquarters in Chicago, Sydney and London and global delivery centers in Charlotte, Toronto, Montreal, Bristol, Krakow, Gurgaon and Bangalore. For more information, please visit www.peoplescout.com.
About HRO Today and HRO Today Global
HRO Today and HRO Today Global are the properties of SharedXpertise Media and offer the broadest and deepest reach available anywhere into the HR industry. Our magazines, web portals, research, e-newsletters, events and social networks reach over 180,000 senior-level HR decision-makers with rich, objective, game-changing content. Our No. 1 strength is our reach. HR leaders rely heavily on the HRO Today’s Baker’s Dozen rankings across six different categories when selecting an HR service provider.
Bill MacRae, Publisher
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