- Job listings are likely to continue to take a major fall in September.
- Most who are unemployed identify their employment status as “temporarily laid off.”
- Greenwich HR is predicting a nearly 85% decrease.
The labor market is predicted to continue to fall in September amid predictions from Greenwich HR’s data and the US Bureau of Labor Statistics. Most who have claimed to be unemployed during this time are identifying as “temporarily laid off,” which may skew data.
According to the U.S. Labor Department’s job report for August 2022, employers added 315,000 new jobs and the unemployment rate fell to 3.7%. Greenwich HR data is predicting a 85% decrease in the number of available jobs compared to August 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.