Another 6.6M down, totaling ~17M job losses this month.
Job losses continue to mount. This morning’s Department of Labor figures via The New York Times showed 6.6 million more filed for unemployment last week, bringing this month’s total to nearly 17 million. This is by far the sharpest decline on record. Stay tuned for the official unemployment rate to rise significantly over the next […]
Q1 2020 Work Tech Investment: $2.04B
With a couple of days left to go, we can go ahead and say that it was a good quarter: $2.04 billion in investment (77 deals). This is up from $1.7B (69 deals) in Q1 2019. That’s the silver lining.
The labor market may lose 29.7 million jobs through May.
In this morning’s newsletter from The Wall Street Journal’s Real-time Economics, analysts estimate that the US may have a 16% unemployment rate by the time summer shines its bright and smiling face. This morning’s BLS data shows job losses mounting to over 700,000 in March, with the unemployment rate rising to 4.4%. So, you might […]
Record unemployment claims: 6.6 million
According to jobless claims data from officials released this morning, 6.6 million people filed for unemployment last week. The week before that? Over 3.3 million. That means in just the last two weeks we’ve had 10 million people apply for unemployment benefits. A New York Times story covers the widening toll on jobs due to […]
Mo’ money, mo’ happy.
A recent analysis in Tableau’s public gallery shows a relationship between a country’s GDP per capita and the happiness of its people. In other words, the more money they make, the happier people are, at least in general.
Invest in marketing during COVID-19.
Another gentle reminder of why Work Tech brands should invest in marketing now: TechCrunch’s analysis of the prices of their search engine keywords for more than 100 unicorns since the beginning of the COVID-19 crisis shows a collapse in prices for almost all ads. Put out a bucket. It’s raining opportunity. (TechCrunch)
The people analytics market is growing.
Our friends at RedThread Research published a new report, in which they found some interesting insights. Among them: “There has been rapid revenue growth in the market between 2016–2018 (220% CAGR), and slower, but still significant customer growth (23% CAGR), which we attribute to an increasingly successful search for product / market fit.”
There’s financial trouble ahead.
Deutsche Bank Research suggests US auto loan and credit card delinquencies are up, showing the top (tip?) of a credit bubble. However, one of our colleagues countered with a Planet Money episode showing auto loans aren’t quite like the housing market.
AI took your jobs … 2,000 years ago.
The story of automation taking jobs goes back to at least Homer, if not before. Automated machines performed tasks in ancient Greek tradition (as well as Jewish and Chinese traditions), so much so that Aristotle referenced it in Politics on the nature of work and slavery. So, that narrative isn’t anything new.
Put a face to well-being.
Sometimes it’s hard to talk about what “well-being” and “wellness” really looks like. So one company made a mannequin to put it into perspective.
Creating a new category ain’t easy.
We consult with a lot of businesses who think they’re creating new categories with their product. That’s true once every thousand brands we talk to. In short, it’s hella expensive to educate the market well enough on what it is you do. However, if you do want to take the leap, this Medium article makes […]
Business jargon kills.
We all want to sound like professionals. You’re a smart person, after all, and you want others to know. We get it. We do the same thing. But the truth is, people respect you more, think you’re more knowledgeable, and want to build a closer relationship with you when you just talk like a dang […]
Nobody reads your stuff.
Our clients agonize over the minutiae of the wording on their websites and assets. The truth is people form an opinion about your website in 0.05 seconds, and spend only 15 seconds reading your articles. Here are some stats to prove it. In short, people ain’t readin’ the words that much. Just make it pretty.
