Key Takeaways:
- Job listings are likely to take a dip in June.
- The rising interest rates and inflated economy is causing a decrease in available jobs.
- Greenwich HR is predicting a nearly 3% decrease in available jobs.
The labor market is continuing to defy expectations of economists and is sizzling hot this summer. Since April the labor market has remained strong, with plenty of unpredicted ups and downs.
According to the U.S. Labor Department’s job report for May 2023, employers added 339,000 new jobs and the unemployment rate was 3.7%.
Greenwich HR data is predicting a 3% decrease in the number of available jobs compared to May. Will the labor market take another unexpected turn this month?
Stay tuned for more valuable data insights and predictions for Greenwich HR. Interested to know how your company can gain valuable key insights of the labor market? Learn more about our compensation and labor insights today and stay tuned for the June post-job report.
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