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Blog & News

July 2023 Labor Market Statistics

July 2023 showed little change in trends from the previous month.

  • There are 3.6 million more open jobs than there are unemployed Americans seeking work.
  • Unemployment sits at 3.5% which represents a near half-century low.
  • Wages grew by 4.4% in July from the same month a year earlier.
  • According to a recent report, hybrid work arrangements are said to have a perceived by employee value equivalent to an 8% increase in pay.
  • Hybrid job postings are up and fully remote job postings are down.

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