Key Takeaways:
- Job listings are holding steady and still increasing.
- The labor market is trending back to pre-pandemic levels.
- The leisure, hospitality, warehousing, manufacturing, and transportation industries are hiring now.
The labor market has seen an outstanding recovery amidst the ending pandemic and is on track to returning to normalcy.
According to the U.S. Labor Department’s job report for April 2022, employers added 428,000 jobs and the unemployment rate is still holding steady at 3.6%. The market has been consistent over the last month and is remaining stable.
The highest number of added positions were in the leisure and hospitality industry as travel continues to increase worldwide. Warehousing, manufacturing, and transportation have also seen an increase in available positions. Economists continue to predict a decrease in job growth as the market trends back to pre-pandemic levels.
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 May pre-job report!
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