- Job listings are likely to take a dip in March.
- Ghost job listings are greatly skewing official labor market data.
- Greenwich HR is predicting a nearly 1% decrease in available jobs.
The labor market is still looking strong but may take a small dip in available jobs this month. After a surprising surge in jobs, our data is predicting a drop in listings.
According to the U.S. Labor Department’s job report for February 2023, employers added 311,000 new jobs and the unemployment rate was 3.6%.
Greenwich HR data is predicting a 1% decrease in the number of available jobs compared to February.
A hot topic among economists is whether or not the Fed’s market data is accurate due to hundreds of thousands of ghost listings, AKA – fake job listings. This is greatly skewing data. Can it be trusted?
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 March post-job report.