{"id":1979,"date":"2023-07-07T19:41:03","date_gmt":"2023-07-07T19:41:03","guid":{"rendered":"https:\/\/businessresourcesone.com\/?p=1979"},"modified":"2023-07-07T19:41:03","modified_gmt":"2023-07-07T19:41:03","slug":"labor-market-statistics-july-7th-2023","status":"publish","type":"post","link":"https:\/\/businessresourcesone.com\/labor-market-statistics-july-7th-2023\/","title":{"rendered":"Labor Market Statistics | July 7th, 2023"},"content":{"rendered":"\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>The U.S. Bureau of Labor Statistics has released their May 2023 figures. The highlights:<\/p>\n\n\n\n<ul>\n<li>9.8 million job openings (down 496,000 from April)<\/li>\n\n\n\n<li>5.9% job openings rate (down 0.3% from April)<\/li>\n\n\n\n<li>6.2 million hires (little change from April)<\/li>\n\n\n\n<li>4% rate of hires (little change from April)<\/li>\n\n\n\n<li>5.9 million seperations (4 million quits &amp; 1.6 million layoffs \/ discharges)<\/li>\n\n\n\n<li>3.8% separations rate (little change from April)<\/li>\n\n\n\n<li><strong>0.6 unemployed people per job opening<\/strong><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>What we know about June 2023:<\/p>\n\n\n\n<ul>\n<li>3.6% unemployment rate (little change from May)<\/li>\n\n\n\n<li>6 million unemployed persons (little change from May)<\/li>\n\n\n\n<li>1.1 million people unemployed for 27 weeks or longer (18.5% of total unemployment)<\/li>\n\n\n\n<li>62.6% labor force participation rate (4th consecutive month)<\/li>\n\n\n\n<li>5.4 million people unemployed who want a job but weren&#8217;t actively looking or were unavailable in the preceding 4-weeks (not included in unemployment rate)<\/li>\n\n\n\n<li>Hourly wages for all employees rose by 12-cents (0.4%) to $33.58 in June. There has been a 4.4% increase over the last 12-months<\/li>\n\n\n\n<li>In June, average hourly earnings of private-sector production &amp; nonsupervisory employees rose by 11-cents (0.4%) to $28.83<\/li>\n\n\n\n<li>Average workweek for all private-sector hourly employees was 34.4 hours (up 0.1 hour from May)<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>With only 0.6 unemployed people per job opening, recruiting and retaining enough of the right people remains a tremendous challenge for business leaders. It&#8217;s our mission to provide solutions that give business leaders an unfair competitive advantage. <a href=\"https:\/\/BusinessResourcesOne.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">Contact us<\/a> to learn more about our recruitment outsourcing solutions. <\/p>\n\n\n\n<p><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Bureau of Labor Statistics has released their May 2023 figures. The highlights: What we know about June 2023: With only 0.6 unemployed people per job opening, recruiting and retaining enough of the right people remains a tremendous challenge for business leaders. It&#8217;s our mission to provide solutions that give business leaders an unfair [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[22,1],"tags":[23,26,17,25],"acf":[],"_links":{"self":[{"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/posts\/1979"}],"collection":[{"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/comments?post=1979"}],"version-history":[{"count":7,"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/posts\/1979\/revisions"}],"predecessor-version":[{"id":1986,"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/posts\/1979\/revisions\/1986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/media\/1964"}],"wp:attachment":[{"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/media?parent=1979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/categories?post=1979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessresourcesone.com\/wp-json\/wp\/v2\/tags?post=1979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}