The latest job market news and trends – all in one place. Highlights from the Vaco and BVOH Q4 2022 Quarterly Market Report include:
- The Employment Situation: The U.S. added 263,000 jobs in September, and the unemployment rate edged down to 3.5 percent.
- Recession Tracker: The economy may not officially be in a recession, but it’s not looking good. The strongest parts of the economy, however, are concentrated in the labor market, including low unemployment and many unfilled jobs.
- Jobless Claims Hit Five-Month Low: The number of first-time claims for unemployment benefits dropped considerably at the end of September, underscoring how employers are holding on tightly to workers as the labor market remains full of opportunities for job hunters.
- The Economics Behind ‘Quiet Quitting’: Quiet quitting is a philosophy for doing the bare minimum at your job, and quiet quitters, or those who report being neither engaged nor “actively disengaged” at work, make up at least half of the U.S. workforce.
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