December jobs data outpaced expectations, adding 216,000 jobs to the US labor market in the month alone and 2.7 million jobs in 2023 overall. Some economists are still characterizing the job market as “still hot” as US workers are experiencing quicker turnovers between jobs.
Glassdoor Lead Economist Daniel Zhao sits down with Yahoo Finance Live in-studio to break down employee confidence metrics and employer sentiments coming out of the pandemic.
“This isn’t 2021, 2022, where you could throw a stone and find a job opening. Right?” Zhao comments. “So, for now… job seekers have to do a little bit more research to find those industries or those parts of industries that are still hiring, that are still looking for workers, and you probably aren’t getting quite the same raise that you would get just a few years ago.”
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I think it is still tough for white collar jobs. There are less positions at the big 4 consulting firms than 2021/2022. It seems that the grants given to the industrial sector are crowding out other sectors and keeping interest rates high.