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Despite some signs of moderation in the labor market, Arizona’s economy is projected to expand over the next two years, with ten of the twelve industries poised for job gains. ... March 2024* Arizona Unemployment Increased to 4.1% Trends Video The Full Release The following links provide access to the full press release: Read the Press ...

getty. As the labor market continues to evolve in 2024, HR recruiters and hiring managers must adapt to new trends and challenges. These professionals will need to embrace forward-thinking hiring ...

By many measures, the U.S. labor market outlook for 2024 is characterized by stability and normalization following pandemic-era volatility. A dreaded recession appears less likely, inflation is ...

July 2024 Labor Market Trends Explore peer benchmarks on labor market trends, including inclusion pressures, election tension and the labor market climate. View the most recent issue of Labor Market Trends Share this: Explore critical labor market trends for HR from the Gartner "Labor Market Insights" webcast around inclusion pressures ...

The labor market is fluid. Economic changes at the local, national and global levels often lead to quick shifts in labor and employment trends. Recently, the U.S. Bureau of Labor Statistics released updated employment numbers that provide a look into the current state of the workforce. Here are five labor trends to watch: 1) Unemployment numbers.

This Backgrounder builds on the first four Backgrounders in this series, using data through March 2024 to examine the current U.S. labor market and employment trends among different groups of workers.

As we delve into the third quarter of 2024, the U.S. labor market presents a complex landscape characterized by cautious optimism, strategic planning, and significant industry variability. Drawing insights from recent Bureau of Labor Statistics data and a comprehensive Midwest business survey, we can identify crucial trends shaping the labor market during this period.

The labor market throughout 2024 thus far has presented a mixed picture. Vacancies, while significantly down from pandemic-era highs, appear to remain high, painting a picture of a tight job market that could indicate a strong labor market for job-seekers and an economy that is executing the vaunted “soft landing” economists hoped for ...

Four of the five indicators normalized throughout the year, moving closer to a “slack” labor market, while still remaining “tight” (just less so than a year ago). Taken together, these two charts confirm that the U.S. labor market softened in 2023 without a rise in layoffs. Impressive and very much consistent with a “soft landing.”

After delving into the anticipated trends for the 2024 labor market, we hope you have gained valuable insights that you can apply to your organization’s employment-related plans this year. If you are looking for a strategic partner to help you navigate the complex labor market in 2024 and beyond, consider connecting with Dahl Consulting.

As we approach 2024, the U.S. labor market presents a dynamic mix of opportunities and obstacles. Industries such as healthcare, technology, and hospitality are at the forefront, adapting to swift changes fueled by demographic evolutions, technological advancements, and the shifting demands of the economy. This scenario transcends mere statistical analysis or trend monitoring; it encompasses ...

Employment Projections Trends ... 2024-2026. Excel. 2023-2033. Excel. Occupation Projections. State and Local workforce area estimates. 2024-2026. ... employment and unemployment estimates and develops labor market information for the development of the state workforce strategy. The Office of Economic Opportunity has produced the following ...

In the new 2024 US Jobs & Hiring Trends Report, our experts caution that, while the economic outlook for 2024 is largely positive, whether or not five trends maintain or accelerate their momentum will directly influence labor market stability in the New Year. “Outside of some risks — the ones we know about and the ones we don’t — things look pretty good so far for what we might see ...

As such, employers will be tasked with navigating these factors as they change year over year. These labor and talent trends are likely to shape the employment market in 2024: Increased compensation—According to industry data, employers are budgeting for an average salary increase of 4% in 2024, down from 4.4% in 2023. While these numbers are ...

As the labor market undergoes dynamic changes in 2024, HR recruiters and hiring managers face new challenges and opportunities. In this blog post, we delve into 20 key labor market trends that will shape recruitment processes and impact organizations. Mosaic Consulting Group provides insights into how these trends will influence talent acquisition strategies and how companies can stay ahead in ...

Despite an unpredictable economy, the labor market has defied expectations in the past year, and the hope is that it will show the same resilience in 2024, regardless of any challenges.

Exhibit 3 shows the latest trends in growth in the employment cost indexes for the U.S. and Phoenix. Growth in labor costs peaked during the summer of 2022 at 5.5% over the year for both Phoenix and the U.S. Since then cost growth has moderated substantially. For the first quarter of 2024, employment costs rose 2.7% for Phoenix and 4.1% nationally.

In this post, we’ll look at this year’s labor market trends, how they affect applicants and how job searchers can prepare for these changes. 6 Current Job Market Trends for 2024. Between high inflation rates and the high cost of living in 2023, it’s no surprise that employers seek ways to make the job market more manageable for their ...

The Bureau of Labor Statistics report drops at 8:30 a.m. ET.