- Job listings are likely to take another dip in October.
- Labor market is slowly making a recovery.
- Greenwich HR is predicting a nearly 31% decrease in available jobs.
The labor market is slowly on the decline, bringing hope on the horizon for the Fed to lower interest rates, and ease the economic struggle for Americans. Our data is predicting this trend to continue into October.
According to the U.S. Labor Department’s job report for September 2022, employers added 263,000 new jobs and the unemployment rate fell to 3.5%.
Greenwich HR data is predicting a 31% decrease in the number of available jobs compared to September 2022.
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 October post-job report.