The Bayard Brief: Labor Market Insights — November 2022

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Cody Harker, Senior Director of Insights & Strategy, Emphasizes Positive Job Growth following March BLS Jobs Report.

  • 04.01.2022

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  • GoBankingRates

Following the latest jobs report from the Bureau of Labor Statistics (BLS), the total nonfarm payroll employment rose by 431,000 during March. Cody Harker, Senior Director of Insights & Strategy at Bayard, mentions that the company is optimistic to see the standard regression from high job-seeker activity that seems to be happening despite job openings coming in below expectations.

“’Our hope is that increased top-line activity in March translates to a better jobs figure in April,’ he said. ‘The Great Resignation/Reassessment is showing no signs of slowing down. While there is ample opportunity for those looking for a new job, many are concerned about high inflation rates and are looking for competitive or above-market salaries.’”

“Harker added that he saw a 13.9% overall increase in click volume on job ads in March with significant interest in hourly sectors such as food service, retail, and customer service.”

“’The Great Resignation/Reassessment is showing no signs of slowing down. While there is ample opportunity for those looking for a new job, many are concerned about high inflation rates and are looking for competitive or above-market salaries.’”

To read the full article, visit GoBankingRates.