US Labor Market Update Video: Can Strong Wage Growth Be Sustained? - Indeed Hiring Lab

Thumbnail of Indeed Economist Daniel Culbertson with the text Labor Market Update: Can Strong Wage Growth Be Sustained? — Thumbnail of Indeed Economist Daniel Culbertson with the text "Labor Market Update: Can Strong Wage Growth Be Sustained?"

In this short video, Indeed Hiring Lab economist Daniel Culbertson shares the latest labor market data and asks whether strong wage growth can be sustained.

By Daniel Culbertson

May 10, 2022

In this short video, Indeed Hiring Lab economist Daniel Culbertson shares the latest labor market data and asks whether strong wage growth can be sustained.

Employees listening to presentation in office conference room

US Posted Wage Growth Gets Closer to Its Pre-Pandemic Pace

A graph titled “Pace of monthly job gains” shows the month-over-month gain in payroll jobs as bars, and the three-month average as a line. The vertical axis spans from 0 to 750,000 jobs. The graph shows job gains slowing down over the course of 2022 and 2023.

August 2023 Jobs Report: The Labor Market is Getting Closer to Cruising Speed

A line graph showing the quits rate from January 2019 to July 2023. The vertical axis spans from 1% to 3.5%. The quits rate spiked in 2021 and then peaked in early 2022. The rate then drifted down throughout 2023 and has returned to its 2019 average rate.

July 2023 JOLTS Report: The Great Resignation is Behind Us

Focused employee using laptop in office

August 2023 Labor Market Update: How a Slowdown in Wage Growth Could Be Good News

A graph titled “Pace of monthly job gains” showing the month-over-month gain in payroll jobs as bars and the three-month average as a line. The vertical axis spans from 0 to 750,000 jobs. The graph shows job gains slowing down over the course of 2022 and 2023.

July 2023 Jobs Report: Don’t Fret Too Much About Slowing Job Gains

A line graph title “Layoffs remain low by historical standards” showing the layoffs and discharges rate from January 2019 to June 2023. The vertical axis spans from 0.9% to 1.8%. The current layoff rate of 1% remains below the lowest layoff rate prior to the pandemic and has been at its current rate for three straight months.

June 2023 JOLTS Report: The Labor Market Keeps Cruising