HRO Today April 2018 - 48

HRO Today Research
Outlook Looks
Good
Data projects 2018 global economic growth to increase by 3.1 percent.
By Larry Basinait
To explore international labor markets, companies must
fi rst consult global labor market data. PeopleScout,
a global provider of RPO, MSP, and total workforce
solutions, has partnered with HRO Today to produce
quarterly reports that compile current international labor
market fi gures, including measures like national Gross
Domestic Product (GDP) and unemployment rates over
time, from countries across the globe. This data reveals
critical information about the state of the talent pool,
working conditions, and recruitment needs of various
countries and regions. It is an essential tool for predicting
fruitful locations for expansion and recruitment, thereby
allowing multinational companies to stay competitive in
talent acquisition.
Analysis
The global economy is experiencing a cyclical recovery,
refl ecting a rebound in investment, manufacturing
activity, and trade. This improvement comes against
the backdrop of favorable global fi nancing conditions,
generally accommodative policies, rising confi dence, and
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HRO TODAY MAGAZINE
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APRIL 2018
fi rming commodity prices. Global GDP growth is estimated
to have picked up from 2.4 percent in 2016 to 3.0 percent
in 2017-above the June 2017 forecast of 2.7 percent. The
upturn is broad, with growth increasing in more than half
of the world's economies. Global growth is projected to
edge up to 3.1 percent in 2018, according to World Bank.
North America
According to the Bureau of Economic Analysis, GDP grew
at 2.5 percent in the United States in fourth quarter of
2017, down from 3.0 percent in the third quarter. The
increase in real GDP refl ected increases in consumer
spending, business investment, exports, and housing
investment, as well as federal, state, and local government
spending. These contributions were partly offset by
declines in inventories. Imports, which are a subtraction in
the calculation of GDP, increased, according to BEA.
In December, the U.S. unemployment rate declined
slightly to 4.1 percent from 4.2 percent in September. The
unemployment rate has remained at or below 5.0 percent

HRO Today April 2018

Table of Contents for the Digital Edition of HRO Today April 2018

HRO Today April 2018 - 1
HRO Today April 2018 - 2
HRO Today April 2018 - 3
HRO Today April 2018 - 4
HRO Today April 2018 - 5
HRO Today April 2018 - 6
HRO Today April 2018 - 7
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