Key Takeaways:
- Job listings are likely to take a major dip in November.
- The Labor Market is having a great effect on rising interest rates.
- Greenwich HR is predicting a nearly 64% decrease in available jobs.
The labor market is still looking to be on the decline, and will still have a major effect on the Fed and interest rates. Our data is predicting this trend to continue into November.
According to the U.S. Labor Department’s job report for October 2022, employers added 261,000 new jobs and the unemployment rate rose to 3.7%.
Greenwich HR data is predicting a 64% decrease in the number of available jobs compared to October 2022.
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 November post-job report.
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