The Bayard Brief: Labor Market Insights — November 2022

I would like to explore...

Search

Cody Harker, Data + Insights Lead, Shares Further Insight Into October's Jobs Report.

  • 10.07.2022

  • |

  • CBS News

Cody Harker, Bayard’s Data + Insights Lead, is featured in a CBS News article titled “Employers add 263,000 jobs in September as jobless rate falls to 50-year low”, where he speaks to the latest jobs report and labor market trends.

“While hiring is slowing, investors and economists are looking for evidence that the Federal Reserve’s interest rate hikes are having a bigger impact. Instead, the data indicates that the labor market remains tight, with the jobless rate dipping to a five-decade low.

‘Today’s jobs report indicates the job market is chugging along, albeit at a slower pace, as available jobs still outnumber job seekers 1.7 to 1, and employer demand for talent remains elevated,’ Cody Harker, head of data and insights at Bayard Advertising, a recruiting marketing firm, said in a note.

The biggest gains were in leisure and hospitality and health care.”

To read the full article, visit CBS News.