2024 Hiring Outlook Remain Uncertain as Indeed Job Postings Declined by 22.5% from December 2021 Peak

22.5% 

 As per U.S. Jobs & Hiring Trends Report for 2024, Job postings on Indeed have dropped by 22.5% since their peak in December 2021, while layoffs remain low at around 1%. The outlook for the next year depends on whether the decline in demand for workers results from reduced hiring or increased layoffs. 

209,000 

Last week, there was a significant decline in first-time unemployment claims, with a seasonally adjusted 209,000 individuals filing, marking the largest one-week decrease since June 24. These fluctuations, closely monitored for insights into the U.S. workforce and economy, have been notable since October, emphasizing the ongoing uncertainty. The four-week moving average for initial claims also decreased by 750 to 220,000. 

 
66% 

In 2024, new regulations will mandate increased access to company 401(k) or 403(b) plans for long-term part-time employees. Despite 66% of private-sector U.S. workers having access to defined contribution plans, changes in labor dynamics and legal frameworks are prompting businesses to reassess retirement offerings.  

30% 

The healthcare sector is experiencing robust hiring, counteracting sluggish job growth in other segments of the softening U.S. economy, potentially averting a recession. This trend is fueled by an aging population, persistent worker shortages, and increased demand for healthcare services due to factors like Covid-19. Healthcare providers contributed to 30% of U.S. job gains in the six months through October, outpacing their share of total employment, according to Labor Department data. As consumer spending weakens in various sectors, healthcare remains a resilient job generator. 

61% 

 Monster's Holiday Work Life Balance Poll reveals that approximately 61% of workers experience negative effects during the holiday season. Nearly 50% respondents express heightened stress levels, with 17% reporting a decline in overall well-being. A November survey indicates that 28% of workers receive only one or two days off during the holiday season, emphasizing varying levels of time off for employees during this period.