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…
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…
And Other Highlights from the March Jobs Report The fuel for the “Great Resignation” is a complete reassessment of work itself, which to no surprise has impacted workplace satisfaction scores. The ebb and flow of ratings and review data mirrors the up and down sentiment of today’s worker. They are…
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…