The September 2024 employment figures reveal encouraging signs of economic resilience, with total nonfarm payroll employment increasing by 254,000 jobs—significantly exceeding the 12-month average of 203,000. This robust growth suggests the labor market may be entering a new phase of expansion.

Core Group Resources (CGR), a leader in providing personnel in heavy industries by identifying, hiring, and growing the right talent, is pleased to announce the incorporation of Core Nations, Inc., a company established under Guyanese law, fully compliant with the Local Content Act of 2021. This expansion marks Core Group’s second international foray after entering Trinidad and Tobago earlier this year.  Local operations in Guyana will focus on urgent labor demands as energy projects continue to thrive in the region and growth continues in oil and gas exploration, in addition to serving the maritime, construction and mining industries.

In recent years, environmental, social, and governance (ESG) factors have become key metrics for assessing a company’s sustainability and social impact.  This shift is particularly becoming evident in the oil and gas sector, where companies are increasingly prioritizing not just environmental considerations, but social and governance as well.

In today’s ever-evolving business environment, companies are increasingly relying on temporary and contract workers to tackle specific projects, manage varying workloads, and access specialized skills. Staffing agencies have become a go-to solution for efficiently acquiring talent without the complexities of full-time recruitment. This trend is reflected in the staffing industry’s revenue, which has doubled from 2010 to 2022. Core Group Resources is proud to have contributed to this growth!

The U.S Bureau of Labor Statistics (BLS) recently published its August 2024 employment report, offering valuable insight into the state of the nation’s labor market. This comprehensive data set informs a wide range of stakeholders- from policy makers and economists to businesses, job seekers, the media and investors- enabling them to analyze key economic trends and make informed decisions.