The latest job market news and trends – all in one place. Highlights from the Q3 2023 Quarterly Market Report include:
Market Overview
- The Employment Situation – A cooling hiring market continues, but wage gains and low unemployment signal Fed hikes are likely
- Staffing Industry Indicator – As of July, temporary staffing was down 3.1% from its average level in the first six months of 2023
- Recession Watch 2023: Q3 Update – The case for a 2023 U.S. recession is crumbling
Hiring News & Trends
- America’s Aging Workforce – The labor force growth rates of those 55 and older are projected to outpace all other age groups over the 2020-2030 decade
- Offering alternative benefits like ‘grandparents leave’ will be important to attract and retain this important population of the workforce
- Gen Z Preferences, Capabilities and Challenges
- 2023 Top 10 Workplace Trends
- Wages and Inflation – Wage growth recently outpaced inflation for the first time in 2 years
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