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US Monthly Hiring Update_March 2024 Edition

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ManpowerGroup: Global Insights | 3 Key Trends In January … Source: U.S. Bureau of Labor Statistics, ADP In February … 8.9M (5.3%) Job Openings 1.6M (1.0%) Layoffs & Discharges 3.4M (2.1%) Quits 275k Employment 6.5M (3.9%) Unemployment Job Changers 7.6% Job Stayers: 5.1% Pay Growth ManpowerGroup: Global Insights | 3 Hiring was off to the races in January with a very strong start to 2024. February always sees a slower pace and our real time data shows hiring is down month over month across most sectors. Taking a step back and looking at the bigger picture, strong and stable is the Name of the Game. We continue to see the labor market adjusting to a new post pandemic reality. While hiring is moderating from the peaks we saw after the crisis, it is better than pre- pandemic.

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