Record Job Openings and Quit Rates Influence Market Activity The April jobs report shows job openings and quit rates remain at record levels while hires have not ticked up to fill the employment gap. With unemployment claims now below pre-pandemic levels, there is still a limited supply of workers to…
And Other Highlights from the March Jobs Report The fuel for the “Great Resignation” is a complete reassessment of work itself, which to no surprise has impacted workplace satisfaction scores. The ebb and flow of ratings and review data mirrors the up and down sentiment of today’s worker. They are…
Before we get into workforce migration, let’s recap the most recent labor market data. It indicates we may finally be seeing the light at the end of the tunnel in terms of job market stability. Job openings are declining indicating jobs may be finally being filled. Quit rates have leveled…
The basic concept of job market supply and demand is no different than it is for any other market. In this blog post we will explain how to measure and understand the gaps and what you can do to optimize talent acquisition strategies. Who are the job seekers? What are…
Hybrid remote work has officially arrived. Indeed® recently introduced a new status flag for job postings called “Hybrid Remote”. Prior to January, the previous definitions of remote were: Temporarily Remote Permanently Remote Hybrid remote work arrangements were relegated to the abstract of the posting ad or even into the ad…
In the second quarter of 2021, nearly one in three job ads in the Indeed® platform were marked as urgently hiring. Normally we associate urgency with the job market as attractive. When supply is greater than demand, urgency as a demand indicator works. Job Ads Urgency Signals Desperation But in…
Job postings are sluggish, which is contributing to a slow market rebound. During the course of 2021, the job market seemed to signal that a market rebound was right around the corner. That ended up not being the case and to overcome market sluggishness, a wide swath of industries needs…
First in a 7-part Series on the State of the Workforce and What You Can Do About It It’s over – 2021 that is. However, the issues related to an uneven market rebound are likely not the ending, but just the beginning. The resulting “Great Resignation” has likely created changes…
The November Jobs Report continues to be a mixed scenario. Yet there are signs of getting to market stability. Unemployment rates continue to decline and are now at pre-pandemic levels of 4.4%. Further hiring remains strong with 6.5 million hires which is 500,000 to 1 million above historical levels. In…
The October Jobs Report is clearly a mixed bag. On the one hand unemployment rates have declined to near pre-pandemic territory at 4.7%. This is only 1 percent above the pre-pandemic rate of 3.7% in February 2020. It is also below the historical bellwether level of 5%. Further hiring remains…