- Job listings are likely to take a major dip due to July’s unpredicted hiring spike.
- Labor market is predicted to fully recover by the fall.
- Greenwich HR is predicting a nearly 71% decrease.
Despite a surprising outcome for the July 2022 job report, it is predicted that the market will likely take a major fall in August.
According to the U.S. Labor Department’s job report for July 2022, employers added 528,000 new jobs and the unemployment rate fell to 3.5%. The market is predicted to likely take a major dip after the unpredicted spike in July.
Greenwich HR data is predicting a 71% decrease in the number of available jobs compared to July 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 August post-job report.