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Slowing Economic Demand Doesn’t Necessarily Mean Less Hiring

“We’re in a time when slowing economic growth does not mean slowing demand for labor. The US labor market simply does not have enough workers to keep up with demands. There remains a backlog of hiring, particularly among small businesses who were largely priced out of the labor market these past two years.” - Andrew Crapuchettes, CEO of RedBalloon

(Moscow, Idaho) - The BLS will release the April Job Opening and Turnover Survey (JOLTS) on Wednesday, and the results are likely to show a softening in job openings and a deceleration of hiring. However, both openings and hires will continue to remain well above historic norms, putting more pressure on small business owners to raise workers’ wages.

“We’re in a time when slowing economic growth does not mean slowing demand for labor. The US labor market simply does not have enough workers to keep up with demands,” said RedBalloon CEO Andrew Crapuchettes who was a pioneer in the labor market data and analytics field. “There remains a backlog of hiring, particularly among small businesses who were largely priced out of the labor market these past two years.”


If you would like to schedule an interview with Andrew Crapuchettes, contact Isaac Lopez at (208) 997 – 8013 or isaac@redballoon.work.

Founded In 2021, RedBalloon has quickly become America’s largest connector of employers and employees who prioritize a positive workplace culture free from the divisiveness of cancel-culture mandates. RedBalloon CEO Andrew Crapuchettes is a longtime business leader, entrepreneur, and innovator who has founded several successful tech companies and is widely considered a global pioneer in the development and use of labor market data analytics – an industry he helped found over 20 years ago.

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