Public Insight’s Post

For years, I've described the pullback in job postings as a signal of a normalizing labor market. Now that the market has normalized, further declines should be more concerning for the labor market outlook. The good news is that job postings have leveled off since late May. As of June 21st, the Indeed JPI was 111.6, down only 0.5% since May 31st. Mapping those data to job openings suggests openings have been essentially flat, around 8 million since late May. To safely land a plane, you eventually need to level off as you approach the ground. There are some nascent signs job postings are holding steady, but let's wait to unbuckle our seatbelts.

# Job Market Trends in the United States: A Mixed Picture An analysis of Indeed job postings data reveals a mixed picture of the U.S. job market, with some industries showing growth while others face challenges. Physicians and Surgeons (1.0% monthly, 9.3% annual) and Security and Public Safety (0.1% monthly, 3.8% annual) led the way in job posting growth. However, industries like Accounting (-0.6% monthly, -3.4% annual) and Hospitality and Tourism (-0.5% monthly, -2.1% annual) experienced significant declines. The tech industry showed mixed signals, with IT Operations and Helpdesk posting modest growth (0.4% annual) despite a small monthly decline (-0.1%), while Software Development saw negative monthly (-0.2%) and annual (-0.8%) changes. Overall, the data suggests a general slowdown in job postings across most industries, indicating potential economic headwinds. However, job posting data is just one factor in assessing the health of the job market, and other indicators should also be considered. As the landscape continues to evolve, staying informed about the latest trends is crucial for job seekers, employers, and policymakers to make informed decisions and adapt to the changing market conditions. https://lnkd.in/dBC8bRW4

Job ad volumes fell for a second consecutive month, but the rate of decline was notably slower in May, falling just 0.6%. Applications per job ad, which have been on the rise for almost two years, increased just 0.3%, the smallest monthly rise since July 2022. The May SEEK Employment Report has all the latest data and insights at a national, regional and industry level – https://bit.ly/4cACKS6

🌟 The August Job Report is Here! Here are the key takeaways: The U.S. labor market demonstrated moderate growth in August, showcasing both ongoing challenges and signs of resilience. According to the latest data from the Department of Labor, the economy added 142,000 jobs, a significant improvement from July's growth of 89,000, although this figure fell short of forecasts. This continued job growth indicates momentum, even amid expectations. Additionally, the unemployment rate edged down from 4.3% in July to 4.2% in August. We also saw a substantial increase in active job listings, which rose by 83,000 between July and August, signaling that businesses are gearing up to expand their workforces. Here are some essential stats: 🌟1.7% increase in active job listings 🌟8.3% rise in newly created job listings 🌟18.0% increase in removed job listings 🌟81% of states experienced an increase in job listings 🌟78% of industries saw job listings grow 🌟86% of occupations reported more job listings Read the full report: https://ow.ly/2UBB50TlWjQ Why This Matters: At Just In Time Staffing, we understand that as businesses look to grow, the right talent is crucial for sustaining momentum in this evolving labor market. Our expertise in connecting employers with top candidates allows companies to navigate challenges efficiently, ensuring they have the skilled workforce needed to meet their objectives. Let us help you secure the talent needed to capitalize on these opportunities for growth! Connect with Just In Time Staffing today to learn more about our staffing solutions that drive success in a competitive environment. Visit: jits.jobs Call:440.205.2002 #JobGrowth #LaborMarket #JustInTimeStaffing #TalentAcquisition #HiringSolutions

Our Q3 Jobs Report is here, and we’re excited to share key insights from the latest trends! - 0.5% Increase in US Job Vacancies: From July 1 to-Sept 30 2024, job openings across the nation saw a slight but notable rise. - 1.5K Annual Increase in Full-Time Median Salary: Full-time salaries are up, while part-time wages remained unchanged this quarter. - 42.9% of vacancies now have salary data availabile: A 2.2% increase in salary transparency compared to last quarter. - 41K New Employers Added: Our growing database has welcomed over 1 million new job listings from these employers. - 18.5% YOY drop in CPC rates (for advertisers) in the Retail sector Download the full report: https://bit.ly/3DOE8B7

Introducing IQ, Salary.com's real-time job posting salary #data solution.#IQ taps into the pulse of the #jobmarket by continuously scanning job boards, company #career sites, and other publicly available data. This real-time intelligence enables you to fine-tune your #compensation packages by comparing them against millions of #job postings. Gain a competitive edge and enhance your compensation offers with access to millions of online #jobpostings expertly matched to established benchmark jobs. Download the free #datasheet: https://buff.ly/3zSSoKl

Market update 📣 The latest #LabourMarketTracker shows that there were 656,481 new job postings in the month of December 2023 – a 24.3% decrease from the month before (November 2023) and a 32% decrease from December 2022. Despite falls relative to previous years, demand overall is still substantial, as the Labour Market Tracker shows 1.7m active job postings in December 💼 Key points: ➡️The number of active postings in the month of December 2023 was 1,710,492, a 24.3% decrease from the month before (November 2023) and a 32% decrease from December 2022 (2,516,973). There were 2.8 million active vacancies in the month of December 2021. 💂In December 2023 Tower Hamlets (-7.7%), Haringey and Islington (-11.0%) and the Orkney Islands (-12.0%) had the softest decline in job postings when compared to November 2023. ➡️There were 656,481 new job postings in December 2023 – a 27.7% decrease from the month before and a 27% decrease from December 2022 (899,049). 💡When looking at the top ten counties/unitary authorities for growth in active job postings, five were based in London. This suggests a more encouraging trend for the capital’s job market and economy than reported in alternative recent jobs surveys. As the month of January draws to a close my conversations with hiring managers and candidates are feeling optimistic and clear that there are plans for movement and hiring in 2024. The phrase of 2024 “hiring sensibility” is a term I’m hearing the most. I’d love to hear your thoughts on the market and your strategy for 2024. P.s. my lovely clients also mentioned that they are wanting more walking meetings (can’t wait for this in the summer) and humanising client meeting such as below where my lovely client brought Rocky to our coffee meeting. I’m all for this in 2024 🤝

April saw the creation of 175,000 new jobs with the most notable increases in the healthcare, social services, warehousing, and transportation industries. Despite falling short of projections, hiring activity remained sufficiently robust to drive a strong job market. 🔗 Access the full April Jobs Report here: https://lnkd.in/gMj3ZAfr Do you have questions about your local job market? Contact us via message to continue the conversation and stay tuned for our May Jobs Report - our team will keep you updated on the most recent labor trends!

5% job growth year over year in December caps off our historic year of job growth. On average, employment was up 2,932 jobs higher in 2023 compared to 2022 and 4,450 relative to 2021. To track compared to 2019, we were up 1,183 jobs. https://lnkd.in/gFb8Ne56

The June and July job reports have been revised downward by a total of 86,000 jobs. June’s figures were reduced by 61,000, dropping from 179,000 to 118,000. July’s numbers were lowered by 25,000, from 114,000 to 89,000. As a result, the July report now marks the weakest job growth since December 2020, during the pandemic.