Our June 2024 Jobs Report indicates employers have increased their comp offering in certain sectors, but are taking longer to fill jobs. Postings are down, and supply and demand is reaching parity except in healthcare (no surprise there). The labor force attitude is meh. Our TalentView solution generated the insights…
Our March 2024 Jobs Report indicates we are still on a positive track this year. There are also some very interesting trends for March. Our TalentView solution generated the insights below. TalentView provides current talent/job market insights segmented by job title, employer/company, industry, location and more. Insights can be analyzed…
Our February 2024 Jobs Report indicates the year continues to be off to a good and stable start. Aside from a couple of industries our key job market metrics (e.g., postings, comp, supply/demand, sentiment) are moderating across the job market landscape. One significant change we noticed was that Urgent Postings…
The jobs report 2023 year in review shows us last year was in many ways a reset year for the job market. The market has remained resilient despite the headwinds of inflation, slowing economy, and return to normal work patterns. We still have extremely low unemployment and solid job growth….
With our December 2023 jobs report release it is a good time to reflect on 2023, which in my opinion was a reset year. It appears that we have survived the headwinds of inflation, slowing economy, and return to normal work patterns. We still have extremely low unemployment and solid…
Our September 2023 Jobs Report indicates we are seeing moderation in compensation levels as inflation has also moderated. On a composite basis, wages were flat from Q2 2023 to Q3 2023. However, this moderation was not uniform across occupations. Some occupations in fact experienced declining wages as we discuss below….
In the August 2023 Jobs Report we take a closer look at employer reviews and see what is driving employee satisfaction and net promoter score (NPS). In recent weeks we have focused on employee happiness through a series of LinkedIn video blogs. Employers in the post-pandemic era are wise to…
In the July 2023 Jobs Report we take a detailed look at job market trends for supply and demand by industry sector, open postings aging, and posting volume. The pandemic drove a chronic shortage of workers in hospitality and retail. Any companies that had jobs involving face-to-face communication had problems…
In the June 2023 Jobs Report we take a holistic view of job and labor stats and the disconnects that exist. We use the words “new normal” to describe a lot these days. In the post-pandemic era we may have to apply it to many aspects of today’s labor market….
The May 2023 Jobs Report indicates that several months of job openings easing back to normal levels abruptly reversed course in the latest BLS data for April. Job openings increased to 10.1 million from an adjusted 9.7 million. Job openings now remain at 40% above pre-pandemic levels. Additionally, layoffs and…
The March 2023 Jobs Report gives us a glimmer of hope based on higher open posting volume and less average open days. I am a contrarian by nature. I very rarely accept things at face value without questioning their validity. I did not believe the record BLS job openings number…
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…