<ul><li>Economic policy uncertainties are influencing hiring trends and changing HR's approach to talent acquisition.</li><li>Federal Reserve Chair Powell emphasized the need to balance inflation risks and economic uncertainties for employers.</li><li>The labor market shows strength with a 4.1% unemployment rate and steady job gains.</li><li>Current labor market conditions exhibit reduced job-switching rates and higher stability.</li><li>Foreign-born workers are vital to certain sectors like construction, agriculture, and hospitality.</li><li>Healthcare is leading job growth, while tech, marketing, and finance sectors show weakness.</li><li>Unionization rates are declining, affecting the labor share of the GDP.</li><li>Employers may adjust part-time hours or staffing amidst economic uncertainties.</li><li>NLRB is expected to take a more pro-business stance, impacting unionization.</li><li>HR leaders should prepare for slower hiring, prioritize strategic talent acquisition, and monitor labor market shifts.</li></ul>

How economic policy shifts will impact the labor market and recruiting

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