Key Takeaways:

  • Job listings are likely to remain strong in February.
  • The current job market is having a positive effect on the economy.
  • WageScape is predicting a nearly 2% increase in available jobs.

The labor market is looking to remain strong in February. With job availability exceeding expectations in January, it is likely that February will follow suit. The strong market is good news for unemployment which will likely remain steady, and the economy as inflation should start to fall. 

According to the U.S. Labor Department’s job report for January 2024, employers added 353,000 new jobs and the unemployment rate was 3.7%.

WageScape data is predicting a 2% increase in the number of available jobs compared to January. Stay tuned for more valuable data insights and predictions from WageScape. 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 February post-job report.