The Hiring Struggle is Real TRENDS 2020 To see where we’re headed, let’s look back at where we stand. However, there are signs that the global economy is starting to Some of today’s hiring challenges, like tech talent shortages, are slow. In the U.S., employers added 2.09 million jobs in the past mostly beyond employers’ control. Candidates were in the driver’s year (as of October), the slowest pace in eight years. A U.S.-China JOB & HIRING seat in 2019, fueling a war for top talent in tech, healthcare and trade war has sent manufacturing hiring into a freefall. Several professional services. The unemployment rate dropped to near- high-profile U.S. tech IPOs have stumbled this year. The U.S. bond 50-year lows in both the United States and the United Kingdom, market has been flashing ominous recession warning signs for hitting 3.7 percent and 3.8 percent, respectively, in 2019. The U.S. months. In response, the U.S. Federal Reserve cut interest rates economy set records in July for the nation’s longest-ever economic this year — a sign that policymakers are worried about an economic GLASSDOOR'S expansion. And thanks to robust hiring, the number of unfilled jobs slowdown. Meanwhile, the ongoing political crisis surrounding hovered near an all-time high in both countries, with more than 7 Brexit has sharply dampened future prospects for many UK million vacant roles in the U.S. and more than 800,000 vacancies in employers. the UK. 4