- Job listings are likely to take a dip in February.
- The Labor Market is having a great effect on rising interest rates, there is hope interest rates will decrease.
- Greenwich HR is predicting a nearly 16% decrease in available jobs.
The labor market is still looking strong but may take a small dip in available jobs this month. After a surge of job listings in January, our data is predicting a drop in listings.
According to the U.S. Labor Department’s job report for January 2023, employers added 517,000 new jobs and the unemployment rate was 3.4%.
Greenwich HR data is predicting a 16% decrease in the number of available jobs compared to January 2023.
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 February post-job report.