13
Job Market Easing for
Workers as Length of
Unemployment
Decreased in June
2023
0,0
5,0
10,0
15,0
20,0
25,0
30,0
35,0
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Jan-23
Mar-23
May-23
Average Week of Unemployment
Source: Bureau of Labor Statistics
• US average duration of unemployment
is at a current level of 20.7 weeks
• Down from 21.2 weeks in May 2023 and
below 2022 average of 22.6 weeks.
• This means that the job market is easier
to navigate from a candidate/employee
standpoint.
