State of the Labor Market

State of the Labor Market
September 2023 Jobs Report: Good News Is Good News
Line graph titled “Wage growth is moderating” which covers data from January 2021 through September 2023. The graph shows two lines, one for wage data for all workers and the other for production workers. Both lines have come down from their peak in late 2021 and are now showing growth of around 3.4%.
By Nick Bunker - October 6, 2023
Line graph titled “Wage growth is moderating” which covers data from January 2021 through September 2023. The graph shows two lines, one for wage data for all workers and the other for production workers. Both lines have come down from their peak in late 2021 and are now showing growth of around 3.4%.
State of the Labor Market
August 2023 JOLTS Report: Look Past the Surprising Spike in Openings
A line graph titled “Tracking job openings and postings” covers January 31, 2020, through September 29, 2023. The graph shows data on job postings from the Indeed Job Postings Index and data on job openings from the Job Openings and Labor Turnover Survey. The two data series track each other on a longer time frame with some occasional short-term deviations.
By Nick Bunker - October 3, 2023
A line graph titled “Tracking job openings and postings” covers January 31, 2020, through September 29, 2023. The graph shows data on job postings from the Indeed Job Postings Index and data on job openings from the Job Openings and Labor Turnover Survey. The two data series track each other on a longer time frame with some occasional short-term deviations.
State of the Labor Market
September 2023 US Labor Market Update: After Decades of Sluggish Wage Growth, Today’s Manufacturing Workers Are Striking While It’s Still Hot
Manufacturing worker on car plant production line
By Cory Stahle & Nick Bunker - September 28, 2023
Manufacturing worker on car plant production line
State of the Labor Market
US Posted Wage Growth Gets Closer to Its Pre-Pandemic Pace
Employees listening to presentation in office conference room
By Nick Bunker - September 12, 2023
Employees listening to presentation in office conference room
State of the Labor Market
August 2023 Jobs Report: The Labor Market is Getting Closer to Cruising Speed
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.
By Nick Bunker - September 1, 2023
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.
State of the Labor Market
July 2023 JOLTS Report: The Great Resignation is Behind Us
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.
By Nick Bunker - August 29, 2023
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.
State of the Labor Market
August 2023 Labor Market Update: How a Slowdown in Wage Growth Could Be Good News 
Focused employee using laptop in office
By Nick Bunker - August 24, 2023
Focused employee using laptop in office
State of the Labor Market
July 2023 Jobs Report: Don’t Fret Too Much About Slowing Job Gains
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.
By Nick Bunker - August 4, 2023
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.
State of the Labor Market
June 2023 JOLTS Report: The Labor Market Keeps Cruising
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.
By Nick Bunker - August 1, 2023
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.
State of the Labor Market
July 2023 US Labor Market Update: Recruiting Intensity Is Fading but Remains High
Person reading papers in home office in front of computer
By Cory Stahle & Nick Bunker - July 27, 2023
Person reading papers in home office in front of computer
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