- Job listings likely to take a major dip due to June’s hiring boom.
- Labor market is predicted to fully recover.
- Greenwich HR is predicting a nearly 82% decrease.
The labor market is projected to possibly fall and fully recover to pre-pandemic status with July numbers just around the corner. This is largely due to the 64.7% increase in hiring volume for June 2022.
According to the U.S. Labor Department’s job report for June 2022, employers added 372,000 new jobs and the unemployment rate remained unchanged at 3.6%. The market is now continuing to fall as predicted by economists and our data alike.
Greenwich HR data is predicting close to an 82% decrease in the number of available jobs compared to June 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 July post-job report.