3 Trends Shaping the US Job Market in 2023

This week on The JSA Blog, we’re sharing some news based on what we are seeing in the current marketplace.

Top economists are predicting that the economy will struggle in the first half of 2023, however, there has been some encouraging news of late. Labor force participation has been rising, with 223,000 jobs added in December. Experts believe the rise in labor force participation could help ease inflation and help the economy avoid entering a deeper recession.

Although it’s great to be an optimist, it would be wise for companies to be prepared to steer through the turbulence of inflation, a potential recession, and changing consumer spending habits amidst the uncertainty surrounding the economy. One thing to remember is that despite a sluggish economy, many industries are still hiring and growing. Fortunately, there are three strategies that can help businesses retain and obtain top talent while adapting and staying competitive in this quickly evolving job market.

  • The time is now to engage Tech Industry talent
  • Look to “upskill” high potential employees
  • Turn to freelance workers to fill skill gaps

For more details and to read the full article from Fast Company, click the link below!