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Before discussing how the job market will fare in 2023, it’s essential to acknowledge a few contributing factors – like inflation. Despite rising inflation during the middle of 2022 (at highs of 9.1% in June), current projections suggest we might be over the peak of this trend. In response to inflation, some companies conducted […]
Written by Rosie Greaves, LaborIQ Staff Writer on February 22, 2023
Entering 2023, the labor market has been extremely tight. If we look at the data from the last quarter of 2022, it paints a stark picture of the gap between available workers and job openings. For example, the latest figures in the US show there were 11.4 million job openings in December 2021 and 11 […]
Written by Rosie Greaves, LaborIQ Staff Writer on February 22, 2023
Over the past couple of years, much has been written about how work is changing, with a particular focus on remote working. Interestingly, between 2019 and 2021, the number of people working from home tripled to 17.9% in the U.S. That’s almost 28 million people, according to data released by the U.S. Census Bureau. Many […]
Written by Rosie Greaves, LaborIQ Staff Writer on February 15, 2023
If you’ve kept an eye on the latest hiring trends, you might already know the labor market is nearing an inflection point. As layoffs increase, new talent will become available, and the rate of hiring and voluntary resignations will moderate. But, unfortunately, this means pay rates will also change in response to the climate. 2023 […]
Written by Rosie Greaves, LaborIQ Staff Writer on February 9, 2023
Job seekers unanimously favor laws forcing employers to disclose in job ads how much they’re willing to pay. In fact, the job board Monster reports that 98% of workers believe that salary ranges should appear in job postings. So, it’s no wonder such legislation has taken effect across several states, including Colorado, Rhode Island and Washington – […]
Written by Rosie Greaves, LaborIQ Staff Writer on February 6, 2023
The economy added an unexpected 517,000 jobs in January, completely smashing economists’ expectations of 187,000. January’s job gains are puzzling given the headlines and expectations of a slowdown in hiring. Not only is this well-above recent months’ job gains, but it’s the highest since July 2022. Those hoping this report would be evidence for the […]
Written by Mallory Vachon, PhD on February 3, 2023
