State of the Labor Market

State of the Labor Market

June 2023 Jobs Report: Another Encouraging Set of Data

Line graph titled “The prime-age labor force participation rate,

By Nick Bunker - July 7, 2023

Line graph titled “The prime-age labor force participation rate,

State of the Labor Market

May 2023 JOLTS Report: Cooler, but Still Hot

A line graph titled “Layoffs remain low by historical standards” covering January 2019 through May 2023. The graph shows the layoffs and discharges rate is still below its lowest rate prior to the pandemic.

By Nick Bunker - July 6, 2023

A line graph titled “Layoffs remain low by historical standards” covering January 2019 through May 2023. The graph shows the layoffs and discharges rate is still below its lowest rate prior to the pandemic.

State of the Labor Market

June 2023 US Labor Market Update: The Construction Labor Market Hasn’t Yet Buckled

Construction Workers Working On Road Against Bus

By Cory Stahle & Nick Bunker - June 29, 2023

Construction Workers Working On Road Against Bus

Job Seeker Behavior

State of the Labor Market

Despite Overall Decline in US Remote Job Postings, Many Roles Still Seeing Growth

Person sitting on sofa using laptop at home

By Daniel Culbertson - June 28, 2023

Person sitting on sofa using laptop at home

Pay and Benefits

State of the Labor Market

Despite Continued Slowdown, US Wage Growth Remains Solid

Coworkers in office filled with computers

By Nick Bunker - June 7, 2023

Coworkers in office filled with computers

State of the Labor Market

May 2023 Jobs Report: Blockbuster Gains with Some Red Flags

Line graph titled

By Nick Bunker - June 2, 2023

Line graph titled

State of the Labor Market

April 2023 JOLTS Report: Getting Closer to a “Normal” Labor Market

Line graph titled “Quitting is approaching its pre-pandemic level” with a vertical axis ranging from 1% to 3.5%, tracking the number of quits as a share of employment for all nonfarm establishments and the private sector. Both series have declined from early 2022 highs, but now only slightly above their 2019 averages

By Nick Bunker - May 31, 2023

Line graph titled “Quitting is approaching its pre-pandemic level” with a vertical axis ranging from 1% to 3.5%, tracking the number of quits as a share of employment for all nonfarm establishments and the private sector. Both series have declined from early 2022 highs, but now only slightly above their 2019 averages

State of the Labor Market

May 2023 US Labor Market Update: A Cooler Summer Awaits Seasonal Job Seekers

Lifeguard looking over swimming pool

By Cory Stahle & Nick Bunker - May 25, 2023

Lifeguard looking over swimming pool

Occupation Spotlight

State of the Labor Market

Nursing Job Market Remains Competitive, Even as Demand Cools Slightly

Nurse smiling at patient in bed

By Daniel Culbertson - May 16, 2023

Nurse smiling at patient in bed

State of the Labor Market

April 2023 Jobs Report: Good News for Almost Everyone

A line graph titled “The prime-age labor force participation rate” which covers January 2019 through April 2023. The graph shows the labor force participation rate for workers ages 25 to 54 and has a vertical axis from 80% to 83%. This rate dropped dramatically in spring 2020, rose from then until early 2022, and then leveled off in 2022. It has since jumped in 2023 to levels not seen since 2008.

By Nick Bunker - May 5, 2023

A line graph titled “The prime-age labor force participation rate” which covers January 2019 through April 2023. The graph shows the labor force participation rate for workers ages 25 to 54 and has a vertical axis from 80% to 83%. This rate dropped dramatically in spring 2020, rose from then until early 2022, and then leveled off in 2022. It has since jumped in 2023 to levels not seen since 2008.

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