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State of the Labor Market
August 2024 Jobs Day Statement: Back on a Troublesome Trend
A bar chart titled 'Monthly job gains are dropping' covering data from January 2021 to August 2024. The chart shows that monthly job gains, measured as a three-month average, have steadily declined from their peaks in 2021 and 2022. The average monthly job gains in 2023 were 255,000, as indicated by a dashed pink line, while the gains in 2019 averaged 166,000, marked by a dashed orange line. The recent data shows that monthly job gains have fallen below the 2019 benchmark, reflecting a slowdown in job growth.
By Nick Bunker - September 6, 2024
A bar chart titled 'Monthly job gains are dropping' covering data from January 2021 to August 2024. The chart shows that monthly job gains, measured as a three-month average, have steadily declined from their peaks in 2021 and 2022. The average monthly job gains in 2023 were 255,000, as indicated by a dashed pink line, while the gains in 2019 averaged 166,000, marked by a dashed orange line. The recent data shows that monthly job gains have fallen below the 2019 benchmark, reflecting a slowdown in job growth.
State of the Labor Market
July 2024 JOLTS Report: Unwelcome News
A line chart titled ‘The ratio of openings to unemployment is below 2019 levels’
By Nick Bunker - September 4, 2024
A line chart titled ‘The ratio of openings to unemployment is below 2019 levels’
State of the Labor Market
August Labor Market Update: Reasons for Cautious Optimism Around an Ominous Rise in Unemployment
Colleagues having informal meeting in office gathering space
By Nick Bunker - August 21, 2024
Colleagues having informal meeting in office gathering space
State of the Labor Market
July 2024 Jobs Day Report: Alarm Bells Are Ringing
A line chart titled
By Nick Bunker - August 2, 2024
A line chart titled
State of the Labor Market
July 2024 FOMC Reaction: Betting on Continued Labor Market Strength
Person leaning over laptop while sitting on couch at home
By Nick Bunker - July 31, 2024
Person leaning over laptop while sitting on couch at home
State of the Labor Market
June 2024 Employment Cost Index: The Cooldown Continues
A line chart titled “Wages are cooling down” covering data from Q1 2018 to Q2 2024. The chart shows that the quarterly annualized growth of wages and salaries for both all private sector workers and ex-incentive-paid workers has been decreasing, with a significant slowdown observed in the second quarter of 2024, reaching the lowest growth rates since September 2020.
By Nick Bunker - July 31, 2024
A line chart titled “Wages are cooling down” covering data from Q1 2018 to Q2 2024. The chart shows that the quarterly annualized growth of wages and salaries for both all private sector workers and ex-incentive-paid workers has been decreasing, with a significant slowdown observed in the second quarter of 2024, reaching the lowest growth rates since September 2020.
State of the Labor Market
June 2024 JOLTS Report: Waiting for Stabilization
A line chart titled
By Nick Bunker - July 30, 2024
A line chart titled
Pay and Benefits
Saving for the Future: Retirement Benefits in Job Postings
Businessperson listening to client presentation in conference room
By Allison Shrivastava - July 25, 2024
Businessperson listening to client presentation in conference room
Pay and Benefits
The Right Dosage: Medical and Insurance Benefits in Job Postings
Medical professional holding hands with a child in hospital
By Allison Shrivastava - July 25, 2024
Medical professional holding hands with a child in hospital
Pay and Benefits
Out Sick: Paid Time Off Is Widely Advertised, but What Employers Are Really Offering Isn’t Exactly Clear
A beach crowded with beachgoers
By Allison Shrivastava - July 25, 2024
A beach crowded with beachgoers
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