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Market dynamics are always changing. That’s why we stay on top of industry trends and deliver powerful resources to keep your business growing.
Business Hub
Expert Advice + Resources
Market dynamics are always changing. That’s why we stay on top of industry trends and deliver powerful resources to keep your business growing.
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July Workforce Optics: Labor Market Trends Shaping the Future of Work
In this issue of Workforce Optics, we explore a labor market that continues to demonstrate resilience, but signs of caution are becoming harder to ignore. June job growth slowed significantly, worker confidence remains subdued, and employers continue to take a measured approach to hiring.
Inside This Month's Issue:
- A Slower, but Still Stable, Jobs Market: June payroll growth cooled to 57,000 jobs while unemployment remained low at 4.2%, reflecting a labor market that remains resilient despite slower hiring momentum.
- What Workers Are Really Feeling: Indeed economist Svenja Gudell and Glassdoor economist Daniel Zhao explain why employee sentiment remains weaker than labor market data suggests.
- Low Quit Rates Reveal a Confidence Gap: The latest JOLTS data shows labor demand remains steady while workforce mobility and employee confidence remain subdued.
- The Skills AI Can’t Replace Are Rising in Value: LinkedIn research highlights growing demand for communication, leadership, adaptability, and other human-centered skills.
- Manufacturing Maintains Momentum: The ISM Manufacturing PMI expanded for a sixth straight month, driven by strong new orders and production activity.
Explore all the data, expert commentary, and workforce insights here.
