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The Ken Coleman Show

The State Of The Workforce (My Honest Thoughts)

The Ken Coleman Show

Ramsey Network

Careers, Business, Self-improvement, Education

4.62.3K Ratings

🗓️ 30 September 2024

⏱️ 33 minutes

🧾️ Download transcript

Summary

On today’s episode: My Take On America's Current Job Market 42% Of Employee Turnover Is Preventable Plus A Live Coaching Call    Next Steps ☎️If you have questions about your career, passions or talents, call the show at 844-747-2577 or email [email protected]. 📚 Grab my latest book, Find The Work You're Wired To Do  📚 For the proven strategy that will lead to a career that you love, grab my book, The Proximity Principle   Offers from Today's Sponsors This episode is sponsored by BetterHelp: Get 10% off your First Month of Therapy! Transform your career with Bethel Tech. Get started at: Bethel Tech   Listen to more from Ramsey Network  🎙️ The Ramsey Show   🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 📈 EntreLeadership   Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Coming up, we're going to take a look at the current state of the American workforce and what

0:08.9

it means for you and that pocketbook of yours.

0:11.6

And then a study reveals that employee turnover which is big right now it's preventable

0:16.6

We'll help you leaders forget how to do it next

0:27.1

I'm here to help you win at work which means win with that income. And so we're going to be talking about that today and we're going to be talking

0:31.1

about leaders and leadership because well it's all a part of this equation

0:37.6

when it comes to continuity and it comes to making the amount of money that you would like to make.

0:42.6

And so we're going to get right into this.

0:44.8

So let's just take a quick look,

0:46.4

and I'm going to cover several things today.

0:48.3

Oh, Alex, I went and did some extra homework.

0:51.6

So I got some extra stuff. We got several things to get to here. Okay, so we're

0:56.8

going to first discuss where we are in the economy and we're going to look at wages and man I got so much to cover and next segment

1:08.9

is going to have two pieces that we'll get to the turnover but we're going to have to talk about several things here so

1:16.3

I'm just catching up here we go ready I'm going fast all right US employers

1:22.0

added 142,000 jobs in our latest job report. That is an increase from 89,000 jobs the previous month. Unemployment rate dipped to 4.2 percent it was 4.3 in July so we're about a month behind here.

1:37.0

Hiring last month was concentrated in hospitality adding 34,000 jobs, health care, 31,000 jobs, and construction 34,000 jobs, while

1:46.2

factories and retailers cut jobs.

1:51.1

Average wages in August. We'll get to that in a minute. I'm going to save that for a minute.

1:57.0

Because there's just two wage things we need to look at. Up for some, down for others, we'll get to that. The dip in

2:05.2

unemployment rate suggests that the Fed, who is committed to cutting rates, we know they're committed to that. It's not a guess anymore.

2:17.2

The Fed chair came out and said, Jerome Powell said that we are definitely going to have to cut.

...

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