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Kim Shepherd Talks With OC Register on Shifting OC Unemployment Rate

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Decision Toolbox CEO Kim Shepherd recently spoke with the OC Register about Orange County’s shrinking unemployment rate, and what that means for employers.

According to the OC Register, the OC unemployment rate hit 5% in April, the lowest it’s been since May 2008. The state joblessness rate decreased to 7.8%  last month.  Unemployment nationwide fell to 6.3% in April.

There’s been a rapid shift in employees getting “untrenched,” according to Kim Shepherd. In layman’s terms, that means people who have jobs are feeling more confident about looking for alternatives.

“They were afraid and dug in, but that’s shifting rapidly,” Shepherd explained.

That isn’t great news for those who have been out of work for months or years, who will face more competition, she said.

What this means for employers is they can no longer count on an uncertain job market being their primarily retention tool.

For more on the shifting unemployment rate, check out the OC Register article.

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