The Bayard Brief: Labor Market Insights — November 2022

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Cody Harker, Bayard's Head of Data + Insights, Weighs in on the Latest Jobs Report.

  • 07.14.2022

  • |

  • Forbes Advisor

Bayard’s Head of Data + Insights, Cody Harker, weighs in the latest jobs report for June 2022. While inflation soars and the economy seems to be imbalanced, there could be some indicators that the job market may be slowing down in comparison to the last few months.

“One in five respondents say a family member or personal acquaintance has lost a job in the past six months because of the economic climate.

‘Despite this month’s jobs report exceeding expectations, the market has cooled compared to previous months,’ said Cody Harker, head of data and insights for recruitment marketing company Bayard Advertising, in a statement emailed to Forbes Advisor. ‘Employers are taking down or posting fewer jobs due to recession fears.’

That may already be evident to many people as 41% of survey respondents told Ipsos they believe the number of unemployed people in the country will go up over the next year.”

To read the full article, visit Forbes Advisor.