Private Client Specific Docs

Kelly Services Talent Market Insights

Issue link: https://read.uberflip.com/i/1468039

Contents of this Issue

Navigation

Page 14 of 25

Disruptions in the Labor Market • The BLS job openings rate reached 7% in 2022, far surpassing its previous high of 4.5%. There are now roughly 2 open jobs for every unemployed worker. 0% 1% 2% 3% 4% 5% 6% 7% 8% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 US Job Openings Rate All Jobs Source: BLS 0% 1% 2% 3% 4% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 US Quits Rate All Jobs • The BLS quits rate remains around 3% in 2022, the highest level since data collection began 20+ years ago. Roughly 4 million workers are quitting every month. Demand for workers is a historic high level and workers are quitting jobs at record rates

Articles in this issue

view archives of Private Client Specific Docs - Kelly Services Talent Market Insights