- Job listings fell, but remain strong.
- The unemployment rate has risen unexpectedly.
- Government jobs are now in demand.
The labor market remains strong with 311,000 job listings in February. Although the market remains strong, it did take a dip compared to January with 504,000 jobs as predicted by Greenwich HR.
According to the U.S. Labor Department’s job report for February 2023, employers added 311,000 jobs and the unemployment rate increased to 3.6%. Leisure and hospitality positions have fallen and government jobs are now in demand.
Stay tuned for more valuable data insights and predictions for Greenwich HR. Interested to know how your company can gain valuable key insights of the labor market? Learn more about our compensation and labor insights today and stay tuned for the March pre-job report.