News You Can Use: Keeping an Eye on the Employment Rate

employment rate

Financial analysts have spent the last several weeks speculating whether a recession is looming. An insightful interview with an economic studies fellow from the Brookings Institution reveals why sudden changes in the employment rate are the best indicators whether a recession is near ... or already here.

The recruitment specialists at 20/20 Foresight Executive Search keep close tabs on the economic outlook to help guide your hiring process to build your company's strongest executive team yet. Connect with us today by filling out the form at right or calling 708.246.2100.

Why a Quick Change in the Employment Rate Is a Good Indicator of Recession | KERA News

News You Can Use: Office Space Is In High Demand Across the US

chicago real estate

Bolstered by a strong local and national economy, major markets such as Chicago, New York, Los Angeles, Washington, D.C. and Dallas are enjoying booms in office construction, with as much as 64 percent of office space listed as pre-leased. Right-sizing, improving work flow and creating more efficient spaces helps keep companies competitive and able to afford the higher rents this surge has created.

20/20 Foresight Executive Search stays on top of the trends in the real estate market, lending our clients an insider edge when considering candidates for top positions. Let's talk about your business and your goals — fill out the form at right or call us at 708.246.2100.

Chicago Office Market Among Nation's Most Active | GlobeSt.

News You Can Use: Real Estate's Economic Outlook

real estate

Amidst the news of a potential economic downturn (or even a recession), many are speculating what that fluctuation might mean for the real estate market. Unlike the country's last recession in 2008, the housing sector is on much more solid ground, and, as Curbed reports, seems poised to weather the economic storm, whatever it may bring.

The recruitment specialists at 20/20 Foresight Executive Search are also real estate industry experts, closely following news, trends and insights to give our recruiting services an insider edge. Connect with us by filling out the form at right or calling 708.246.2100 and find out how the 20/20 Difference can help you satisfy your executive staffing goals.

Is a Recession Coming? Here's What That Means for Housing | Curbed

How the U.S. Economy Impacts Executive Search


The recent headlines are confusing: The U.S. economy has never been stronger; yet the stock market is at times volatile. How does this paradox affect a company’s 2019 HR goals such as hiring decisions and employee compensation? Here we’ll take a look at how your business might be influenced by the economy at this point in time and how you can navigate the sometimes tricky twists and turns to ensure you’re making the best choices for your company in the long term.

Historic Job Gains - And Some Losses

Job growth in America is on an unprecedented surge: April 2019 marked the 103rd straight month that the economy has added jobs, while the unemployment rate has remained under 5 percent for the past 31 months. In fact, the unemployment rate fell to 3.6 percent in April, marking the lowest level since December 1969.

This is all great news for the job market, right? Well, yes and no. As the world’s largest economy shows continued signs of flourishing, all eyes are on the Federal Reserve. This Crain’s Chicago article asks: Will the Fed ease policy and create rate cuts to avoid sparking inflation and what some are predicting as an impending recession?

It’s helpful to take a closer look at where the gains are happening, as well as the losses, to better understand the current state of the U.S. labor market. The sectors that are experiencing the biggest growth include construction, healthcare and hospitality, while retail and the automotive industry continue to struggle, battered by store closings and manufacturing plants shutting down. All of this information should be factored into the larger economic picture.

Are There Enough Workers?

One of the ongoing concerns of the current employment situation is the lack of workers to fill all of these newly created jobs. As this CNN Business report states: The unemployment rate fell in April partly due to the shrinking size of the labor market. Other indicators of a potential slow-down include a slight decline in the average work week and a lower percentage of people either currently working or looking for work.

What About Wages?

While all of this talk about extraordinary gains percolates, many economists point out that the average worker hasn’t felt the surge in their paychecks. It’s true: Wages have largely stayed stagnant even during this historic period of growth, only recently showing a slight growth (3.2 percent) in April. With this in mind, how do companies attract and retain top talent while keeping an eye on the bottom line?

What This All Means for Your 2019 Hiring Practices

Watching the economy closely is a necessary evil — the inherent ups and downs can be both exhilarating and exhausting, especially if you work in an industry that hasn’t had the benefit of these historic gains. Evaluating your company’s specific goals and vision despite what the stock market might be saying on any given day is key to riding this wave.

“The midpoint of the year is a perfect time to revisit the 2019 initiatives you established for your company,” said 20/20 Foresight Executive Search Managing Director Robert Peck. “Are you hitting your financial targets, which allows for greater growth? Are your overall objectives being met, creating more opportunities and additional job openings? These are the internal indicators to assess despite external factors when making smart hiring and compensation decisions for the rest of the year.”

The 20/20 Foresight Executive Search team is made up of industry experts with in-the-field experience. We inherently understand your business to help you navigate the current economic outlook while making savvy executive placements that advance your company’s mission.  Connect with us today by filling out the form at right or calling 708.246.2100.

News You Can Use: April Jobs Report Promotes Continued Historic Growth


The U.S. economy added 263,000 jobs and the unemployment rate fell to a 49-year low in April, providing the stock market a shot in the arm and proving that the labor market can support growth without sparking inflation. 

How have your company's hiring goals changed in this historic economic climate? The 20/20 Foresight Executive Search team is here to help you with all of your recruitment needs, sourcing the world's top talent to take your business to the next level. Find out how we can work together by filling out the form at right or calling 708.246.2100.

Stocks Roar as Jobs Report Boosts Confidence | Crain's Chicago Business