Indeed for Business’ Post

The most recent US Labor Market Update from Hiring Lab reveals posted wage growth rose to 3.3% in August and the uptick is most pronounced in high-wage sectors where posted wage growth increased from 2.9% in May to 3.3% in August. Meanwhile, wages are also picking up speed in some low-wage sectors such as Food Preparation and Service, rising to 2.6% in August from 2.3% three months prior. Read the full LMU for more insight into the US labor market here: https://lnkd.in/gdWRWeHM #Indeed #HiringLab #LaborMarket

There is an interesting trend in the labor market. Recent data from ADP indicates that wage growth for American workers is slowing down, marking a significant shift in compensation dynamics within the labor market. In June, wages for job stayers rose by 4.9% year-over-year, the slowest pace since August 2021, while job changers saw a third consecutive month of declining wage increases, now at 7.7%. This trend suggests a cooling labor market, though still tight enough to keep pay gains elevated for job switchers. What does this mean for job seekers? This evolving landscape underscores the importance of strategic job searching. Please take a look at the current average compensation for your role. The market compensation may have changed in the last few years post-pandemic. Understanding these changes is crucial for job seekers to navigate the current employment environment effectively. #JobMarket #WageGrowth #JobSeekers #EmploymentTrends

📊 January 2024 US Labor Market Update: Wage Growth Set to Keep Slowing, Though at an Uncertain Pace Wage growth is a crucial indicator of economic health, and the latest data from the Indeed Wage Tracker suggests a continued deceleration, though the pace remains uncertain. Despite this, it's worth noting that wage growth, while slower, still remains elevated compared to pre-pandemic levels. #USLaborMarket 📉 Key Points: ➡️ Wage growth stood at 3.8% year-over-year in December, down from its peak of 9.3% almost two years earlier. #wagegrowth ➡️ The trajectory indicates a further slowdown, with posted wage growth potentially descending to 3.5% by February and reaching its pre-pandemic average of 3.1% by May. #economictrends 📈 Wage Growth: Elevated but Slowing Wage growth, while on a downward trend, is still relatively rapid. Various metrics, including those cited by US Federal Reserve Chair Jay Powell, show that wage growth remains above 2019 averages, despite the slowdown. #matrketanalysis 🔄 Continued Moderation Across Industries The breadth of the slowdown is evident across various industries, with about three-quarters experiencing slower growth compared to previous periods. 🔍 Trends and Methodology Our analysis tracks wage growth based on job postings, providing a comprehensive view of the labor market. For more detailed insights into methodology, please refer to research paper by Pawel Adrjan and Reamonn Lydon. #trends #methodology 🤝 Conclusion While slowing wage growth might alleviate concerns about inflation, it's essential to ensure that wages continue to outpace inflation to benefit workers. With cautious optimism, we navigate the winding path ahead, hopeful for sustained growth in real wages. #jobmarketupdate #plsqldeveloper #databasedevelopment #sqlprogramming #oracledatabase #dataengineering #databaseoptimization #databaseperformance #datamanagement #databasesolutions #techtrends2024 #softwaredevelopment #codeoptimization #databasearchitect #techinnovation #ProgrammingCommunity #TechSkills #itindustry #developerlife #codingjourney #careergrowth #PLSQLDeveloperJobs #plsql #databasedeveloper #techjobsusa #DatabaseJobs #oraclejobs #sqldeveloper #jobsearchusa #ITJobs #techcareers #databasemanagement #hiringrecruiters #careersearch #jobhunt #jobseekers #technologyjobs #databaseperformance #jobopenings #SSIS #ControlM #jobscheduling #management #corptocorp #corp2corp #contract#openjob #greatjob #greatplacetowok #directclient #google #googlesearch #staffing #hiring #post #usitstaffing #staffingindustry #jobs #careers #hotlist #usrecruitment #itrecruiters #jobseekers #recruiting #recruitment #recruiters #Vendorlists #usstaffing #vendors #employers #requirement #jobs #JobVacancies #c2c #ctc #corptocorp #contract #jobs #hiring #socialmedia #recruitment #job #hr #quantum #hotlist #jobsearch #request #request #immediately #recruiting #joining #linkedin #networking #lookingforjob #chat #likeandshare #share

As the economy continues its rebound, understanding sector-specific wage growth is crucial. Dive into the details of the latest data in the April 2024 Labor Market Update by Indeed's Hiring Lab to stay informed about evolving job market dynamics. #EconomicRecovery #WageAnalysis #JobTrends

As the economy continues its rebound, understanding sector-specific wage growth is crucial. Dive into the details of the latest data in the April 2024 Labor Market Update by Indeed's Hiring Lab to stay informed about evolving job market dynamics. #EconomicRecovery #WageAnalysis #JobTrends

As the economy continues its rebound, understanding sector-specific wage growth is crucial. Dive into the details of the latest data in the April 2024 Labor Market Update by Indeed's Hiring Lab to stay informed about evolving job market dynamics. #EconomicRecovery #WageAnalysis #JobTrends

~While wage growth is below its peak in late 2021 and early 2022, it remains elevated compared to pre-pandemic levels. ~Wages grew 3.8% year-over-year in December, according to the Indeed Wage Tracker, down from 9.3% at its peak almost two years earlier. ~On its current trajectory, posted wage growth would descend to 3.5% by February, and its pre-pandemic average of 3.1% by May.

A slower job market could lead to smaller raises According to a new poll from consulting firm WTW, the typical worker will get a pay raise of 4.1% in 2025, which would be down from 4.5% this year. While this would be a decline from recent years when the annual average hourly earnings increase peaked at 5.9% in March 2022, it puts us back in line with a more normalized labor market. For comparison, in the years after the financial crisis the median annual pay raise was generally around 3%. With such scarcity in the labor market the last few years, it really distorted wage gains and employment benefits. In fact in 2021 almost 7% of online job listings offered a signing bonus. This was roughly double what we saw pre-pandemic and it has since dropped to a more normalized level of 3.8%. It seems after the massive surge in employment and wage gains we have seen over the last few years, many employers now feel comfortable with their staffing levels and approximately 47% of U.S. organizations actually expect their salary budgets to be lower in 2025. It’s important to understand that both the covid and post covid economies were extreme situations and as time progresses I believe we will head back to more normalized levels. This likely means a softer labor market with less wage gains, but on the positive side I believe this will be good for inflation and pricing pressures should continue to ease for consumers. #jobmarket #labor #labormarket #rasies #yearlyraise #salary #economy #useconomy #signingbonus #consumers

While US wage growth is still elevated compared to pre-pandemic levels, recent data from Indeed’s Wage Tracker points toward a continued slowdown. Hiring Lab’s January 2024 Labor Market Update https://lnkd.in/gX8MM-6f shows wages grew 3.8% year-over-year in December, down from 9.3% at its peak almost two years earlier. On its current trajectory, posted wage growth would descend to 3.5% by February, and its pre-pandemic average of 3.1% by May this year. #LaborMarket #Indeed #HiringLab

Stay in the know for 2024! Nick Bunker's latest article dives into the US labor market, offering insights on job trends, wage growth, and more. Discover what's shaping the workforce in January 2024. Read now to gain a competitive edge: https://lnkd.in/gWEMYK2r #USLaborMarket #2024trends #HiringLab #indeed #indeedjobs