- Job listings are likely to take a dip in November.
- This will be helpful for the economy.
- WageScape is predicting a nearly 1% decrease in available jobs.
The labor market finally took the dip it needed in October and experts and our insights alike are pointing toward another drop this month.
According to the U.S. Labor Department’s job report for October 2023, employers added 150,000 new jobs and the unemployment rate was 3.9%.
WageScape data is predicting a 1% decrease in the number of available jobs compared to October.
This slowdown will hopefully contribute to the betterment of our economy.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.