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iCIMS, a recruiting software provider, announced Thursday that former Bloomberg economist and media commentator Josh Wright has joined the company as chief economist.“At Glassdoor, we have seen an increase in private companies bringing on economists to help conduct research and better understand data to inform business decisions,” Dr. Andrew Chamberlain, Glassdoor chief economist, said in a prepared statement. “The increasing need for economists and data scientists in business isn’t going away any time soon. Employers will continue to invest in individuals who can push the business forward by analyzing the company’s data and understanding trends in a new way.”

In his new role, Wright will be responsible for compiling and sharing company data with the media, analysts and customers on emerging trends in the labor market.

“Data is key to driving business results. At iCIMS, I will be focused on using the company’s comprehensive hiring data set to identify market trends and make forecasts tied to economic indicators, and to educate and serve as a valuable resource to job seekers, employers and our clients,” Wright said in a statement. “As a researcher, I was attracted to this role by the unique view iCIMS can provide into full lifecycle hiring data — who’s hiring, who’s applying, where did they come from, how are they are applying, what’s happening between candidates and hiring companies throughout the process, and most importantly, what are the outcomes. The insights we’re able to generate and share are going to be impactful to hiring companies and job seekers alike. We also expect our insights to contribute to policy and academic discussions of how the U.S. labor market is evolving.”

Prior to his role at Bloomberg, Wright worked for the Federal Reserve as a researcher.

“iCIMS is rich with data. Having an in-house expert to analyze and predict future trends will enhance these insights for our customers, employers, and job seekers across the country,” Susan Vitale, iCIMS chief marketing officer, said in a statement. “Today’s executives see recruiting as one of their top business concerns, and are now turning to metrics to make informed hiring decisions to help them recruit the best talent for their organizations. Josh brings experience in researching and analyzing the workforce, and we are confident that his expertise will take awareness of our research practice to a broader audience.”