February 2024 Talent Market Insights

February 2024 Talent Market Insights

January was a robust month for job growth—with job gains reminiscent of pre-pandemic levels typical for the first month of the year.  The economy remains stronger than ever. People have continued to spend. And the Feds have held interest rates steady again.  We’ll discuss what’s going on in the labor market and what this means …

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January 2024 Talent Market Update infographic

January 2024 Talent Market Insights

  December marked a strong end to a robust year of job growth in the labor market.   And while last month’s jobs report showed higher than forecasted job gains, it has also gently slowed from the high job growth in 2021 and 2022.   After several interest rate hikes throughout the year, inflation lowered …

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December 2023 Talent Market Insights

“Soft landing” was the name of the game this year. As 2023 comes to an end, December’s jobs report shows a steady labor market.   199,000 jobs were added in November, an increase from October’s job gains of 150,000. And September’s hot market growth was revised down from 336,000 to 267,000, showing a significantly cooler labor …

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November 2023 Talent Market Insights

The labor market is showing signs of cooling. 150,000 jobs were added last month, a notable decrease and difference from last month’s hot labor market. October’s soft job report shows moderate employment growth, an uptick in unemployment and mild wage growth. Yet, to the confusion of many economists, people are still buying things. And the …

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October 2023 Talent Market Insights

The U.S. labor market is “too hot to handle.”    336,000 jobs were added last month, nearly double economists’ 170,000 prediction, and the highest month in jobs added since January this year.    Job gains for July and August were revised up to a combined 119,000, putting each month over 200,000 in jobs added, and showing a …

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Talent Market Update: September 2023

August showed signs of nomalizing job market, with conditions reminiscent of pre-pandemic levels.    As the labor market continues to cool, Feds are adjusting their strategy to manage inflation and are, for the time being, taking their foot off the gas on further interest rate hikes. An interesting tidbit: pop culture may have influenced the …

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