At the beginning of August 2019, Business North Carolina magazine published its annual list of the 50 largest public companies in North Carolina. New to the list: Honeywell International (#2), Dentsply Sirona (#11), Advance Auto Parts (#13), Kontoor Brands (#33), BMC Stock Holdings (#36), Precision Biosciences (#44), Barings BDC (#46) and Biodelivery Services International (#49).
At least 30% of the activities associated with the majority of occupations in the United States (including knowledge workers) could be automated according to a McKinsey Global Institute Report. Even though we can’t predict all the changes that will occur in the future, we do know there are things you can do to be prepared. Read 5 ways work will change in the future via Forbes.
WFAE in Charlotte recently aired and published a story that caught many by surprise. The story revealed that Charlotte is on pace to surpass Raleigh-Durham in the number of tech jobs that each metro area holds. Seven days later, Lowe’s announced that they will be building a new 23-story global technology hub in Charlotte’s South End and adding as many as 2,000 new tech jobs to the Queen City. Read WFAE’s story here.
LinkedIn publishes a monthly report on employment trends in the U.S. workforce. The report provides helpful insights into hiring, skills gaps, and migration trends across the country, From a migration perspective, LinkedIn captures insights tied to members who change their locations on their profiles. In the June 2019 report, Charlotte was among the top three USA cities (behind Austin and Denver) that gained the most workers. Read LinkedIn’s June 2019 Workforce Report here.
Croixstone Consulting only hires experience – and demand is rising in the marketplace for older professionals with deep experience. With the labor market at its tightest in two decades, companies are increasingly turning to older workers to meet their talent needs.
- The unemployment rate for people 55 and older is now just 3.1%, less than the overall jobless rate of 3.9%.
- Workers 55 and older are the fastest-growing segment of the U.S. labor force.
- Job growth for people 55 and older is up 4.5%, according to ADP. That’s more than twice as high as the 1.7% job growth for workers overall.
- AI is here to stay (6 out of the 15 emerging jobs are related to AI in some way).
- Basic business operational functions are on an upsurge.
- Soft skills – oral communication, leadership and time management – account for the largest skills gap.
This past summer, Morgan Stanley published research on the growing global gig economy. The study shared that the USA’s freelance workforce has grown three times faster than the overall workforce. Freelancers today represent about 35% of the total U.S. working population, and Morgan Stanley shared that this number could represent more than 50% of the nation’s workforce by 2027. Read a high-level overview of the study to learn more about the drivers behind today’s gig economy.
LinkedIn publishes a monthly analysis of employment trends in the USA workforce. The report is divided into two sections: a National section that provides insights into hiring, skills gaps, and migration trends across the country, and a City section that provides insights into localized employment trends in 20 of the largest USA metro areas. In its newly-published July report, LinkedIn shared that Charlotte ranked among the top 10 cities in two different categories. Learn more here.