Before we get into workforce migration, let’s recap the most recent labor market data. It indicates we may finally be seeing the light at the end of the tunnel in terms of job market stability. Job openings are declining indicating jobs may be finally being filled. Quit rates have leveled…
The basic concept of job market supply and demand is no different than it is for any other market. In this blog post we will explain how to measure and understand the gaps and what you can do to optimize talent acquisition strategies. Who are the job seekers? What are…
Hybrid remote work has officially arrived. Indeed® recently introduced a new status flag for job postings called “Hybrid Remote”. Prior to January, the previous definitions of remote were: Temporarily Remote Permanently Remote Hybrid remote work arrangements were relegated to the abstract of the posting ad or even into the ad…
In the second quarter of 2021, nearly one in three job ads in the Indeed® platform were marked as urgently hiring. Normally we associate urgency with the job market as attractive. When supply is greater than demand, urgency as a demand indicator works. Job Ads Urgency Signals Desperation But in…
Job postings are sluggish, which is contributing to a slow market rebound. During the course of 2021, the job market seemed to signal that a market rebound was right around the corner. That ended up not being the case and to overcome market sluggishness, a wide swath of industries needs…
First in a 7-part Series on the State of the Workforce and What You Can Do About It It’s over – 2021 that is. However, the issues related to an uneven market rebound are likely not the ending, but just the beginning. The resulting “Great Resignation” has likely created changes…
The November Jobs Report continues to be a mixed scenario. Yet there are signs of getting to market stability. Unemployment rates continue to decline and are now at pre-pandemic levels of 4.4%. Further hiring remains strong with 6.5 million hires which is 500,000 to 1 million above historical levels. In…
The October Jobs Report is clearly a mixed bag. On the one hand unemployment rates have declined to near pre-pandemic territory at 4.7%. This is only 1 percent above the pre-pandemic rate of 3.7% in February 2020. It is also below the historical bellwether level of 5%. Further hiring remains…
The September Jobs Report indicates the tables have turned for workers in a post-pandemic recovery based on crunching the latest jobs and labor data in our Insight for Work solution. In the spring of 2020, millions of workers were laid off or terminated. In September 2021, quit rates approached a…
The August jobs report with the latest jobs and labor data is clearly a mixed bag. On the one hand, we added 3.8 million new Indeed® job postings in August compared to 2.8 million in June and July. Normally August is a lighter recruiting month so this would be welcome…
In the July jobs report the latest number of US job openings keeps establishing a new record – this time at 10.1 million according to data published by the Bureau of Labor Statistics. Normally job openings in a recovery period would be a welcome sign, but not at this point….
It’s time for our June jobs report as we find ourselves at the mid-point of a year unlike any other we will likely experience in our lifetime. It is apparent what should be a meteoric recovery is going to be clouded with fits and starts. Labor Market Situation There are…