On the surface, the February 2023 Jobs Report indicates the job market still appears relatively healthy. The Bureau of Labor Statistics JOLTS data shows job openings 50% above pre-pandemic levels, layoffs while up are still below average and unemployment remains low. In addition, last month we showed modest job posting…
The job report 2022 year in review shows us the job market has been less than predictable. Market stability in a post-pandemic era is still elusive. Our mission at Public Insight is to take all the noise in this market and turn it into meaningful, actionable insights. Each month we…
Even though we are in the midst of a borderline recessionary economy, our January 2023 jobs report shows job openings rose to 11 million in December according to the latest BLS JOLTS data. This is still 50% above pre-pandemic levels and has remained in record territory for many months now….
In the December 2022 jobs report we see that the number of job postings with advertised pay rates has doubled compared to a year ago. Only four in ten job ads in 2021 included pay vs. eight in ten job ads in 2022. Between regulations, job board requirements, and simply…
The November 2022 Jobs Report shows that the job market continues to be an enigma. Job openings remain over 40% above pre-pandemic levels, and the estimated average number of days to fill a posting increased 12 days to 135 days. This means the average job posting factoring in reposting is…
The October 2022 jobs report market data indicates there are still lots of jobs with nowhere to go. Put another way, volume remains at or near record levels (quantity), but jobs are not getting filled timely (quality). The mid-point of advertised compensation increased 2.3% from the previous quarter, however, the…
Our September 2022 jobs report reflects the job market being down from recored highs, however it is still way above pre-pandemic levels. The news has painted a grim picture of the labor market based on the latest JOLTS data, but we need to put things in perspective. There are a…
Summer activity is winding down and the routine of life awaits in the fall. However, the job market has been anything but routine even during the dog days summer. It resembles more the ups and downs of the summer’s blockbuster rollercoasters. Prognosticators say that a recession is inevitable (or may…
The results from the June jobs report 2022 makes me think of when my kids were young, and they would ask “Are we there yet?” Usually this anticipates arriving at a positive destination. However, since we have been hit so hard by supply chain and inflation, we may be looking…
Ads disclosing compensation have doubled over the last year. However, much of the compensation is listed as a salary range and these ranges are pretty wide. Pay transparency is the recent hot job posting trend. Microsoft is the latest company to commit to publicly sharing salary ranges for open roles….
Job Market Conundrum Continues The May jobs report indicates postings broke a four month slide of year-over-year postings decline. May 2022 postings were flat compared to May 2021. However, coming on the heels of four straight double-digit declining months, it was a welcome bit of good news. Unfortunately, the overall…
Record Job Openings and Quit Rates Influence Market Activity The April jobs report shows job openings and quit rates remain at record levels while hires have not ticked up to fill the employment gap. With unemployment claims now below pre-pandemic levels, there is still a limited supply of workers to…