Private Client Specific Docs

Monthly US Hiring Update_August Edition

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3 0 500 000 1 000 000 1 500 000 2 000 000 2 500 000 3 000 000 3 500 000 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 Number of Job Postings Key Trends U.S. Labor Market Shows Continued Resilience with Slight Cooling In June… Hiring demand increased once again in July 2023 • July 2023 vs July 2022: +9.3% • July 2023 vs July 2021: +11.8% • July 2023 vs July 2020: +14.6% 14% of the job postings in July 2023 were listed as remote (fully, temporary, and hybrid); The % ranged between 11% - 15% since Jan 2021 While in IT functions, 40% of the job postings were listed as remote in July 2023 Up 21.1% from Feb 2020 (pre-pandemic) & 7.6% from June 2023 Source: U.S. Bureau of Labor Statistics, ADP Source: TalentNeuron 9.6M (5.8%) Job Openings 3.8M (2.4%) Quits 1.5M (1.0%) Layoffs & Discharges 187k Employment 5.8M (3.5%) Unemployment Job Changers 10.2% Job Stayers: 6.2% Pay Growth In July…

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