- Demand for workers across the labor market is down, as overall postings have fallen 17.3% from July 7, 2022.
- Aviation postings are up slightly, while all other transportation categories have declined.
- Wage growth has slowed dramatically back to its pre-pandemic levels.
Indeed job postings
Through the first half of 2023, Indeed job postings have continued to reflect the cooling labor market. As of July 7th, job postings are down 17.3% from the same date last year. However, demand for workers remains quite strong. As of July 7th, the Indeed Job Postings Index rested at 127, meaning job postings remain 27% above their pre-pandemic baseline.
Transportation job postings
The job-posting trends inside the transportation segment largely reflect the cooling of the overall labor market. Loading & Stocking and Logistic Support postings have continued their long drop from lofty post-pandemic highs, down 28.6% and 33.2%, respectively.
Demand for workers is holding up better in other areas of transportation. Aviation is the only transportation category still adding postings, up 2% from last year. Meanwhile, in the much more volatile Driving category, postings are down just 6.3%.
In good news for employers, wage pressures arising from stiff competition for workers coming out of the pandemic appear to have subsided. Indeed wage-growth data, focused on employer-provided wages and salaries listed in the job posting, shows that pay growth in Driving and Loading & Stocking roles has fallen sharply from its early-2022 high and is back to pre-pandemic levels.
For more labor market insights from the Indeed Hiring Lab, follow along on our blog at hiringlab.org.