Recently, Joblist published its 2023 United States Job Market Trends Report. Their researchers pooled 30,000 job seekers across the United States to arrive at the stats presented below.
According to Joblist, “Looking ahead to 2023, our study shows that job seekers predict that the job market will be slightly more challenging this year, but not by much more. According to our survey, 35% of job seekers think it will be harder to find a job in 2023 (up from 29% last year), 25% think it will be easier (down from 37% last year), and 40% think it will be the same (up from 34% last year). At 43%, Millennials are the most likely group to think it will be harder to find a new job in 2023.”
What are key insights from the job trends report?
Whose market is it? As of right now, the job market is still very much candidate-centered. 52% of job seekers report having an upper hand in the market.
An update on the Great Resignation. A staggering 25% of Joblist users left their job or career in 2022. The most commonly cited reason for exiting a position was a toxic workplace.
Layoffs. Yes, there is a lot in the news right now about layoffs. Nationwide, this is not as much of a concern as it has been for tech employees at juggernaut corporations like Microsoft, Amazon, Meta, and Twitter. Where tech workers average at around 22% concerned over losing their job, 63% in other professions like healthcare and education workers are not as worried.
Compensation does not match rising inflation rates. Inflation was the top reason that workers asked for a raise in 2022. Despite the fact that 53% of surveyed respondents received a raise in 2022, they did not amount to much. 89% of those raises were less than 10%, and 65% were less than 5%.
Generational divides. When it comes to remote work, Millennials versus Gen Zers compared to Boomers are split on their opinions. Where Gen Z is more open to hybrid remote schedules, almost 50% of Millennials would prefer a fully remote job, and 43% of surveyed job seekers mentioned they would quit should they be required to work 100% onsite.
Employee burnout. Burnout among employees is another prime reason that many candidates are leaving their current opportunities. Did you know that 73% of employees do not see significant growth opportunities at their organization, and 52% believe that their employer does not care about their well-being? This steeply affects turnover rates, and, consequentially, your company’s bottom line.
You can read the full report on job trends here. And while you’re at it, don’t forget to view all of APC’s thought-leadership pieces, which cover a range of informational articles for both employers and professionals on topics like resume help, a study on the Great Resignation, top tech hiring trends this year, and more!
Let us level up your jobseeking experience this year. With APC, you can work with a specialized recruiter who understands your needs. Reach out today:
Kristen Burgess is the Marketing Specialist at Alliance of Professionals & Consultants, Inc. She has five years’ experience in curating content for digital platforms, social media contributions, and supporting marketing campaigns and strategies. Before joining the APC wolfpack, she worked in digital marketing for software as a service, giving her keen insight into the types of professionals APC hires today. In addition, she likes to stay up-to-date on the most relevant trends within the technology industry through thought-provoking podcasts and newsletters while paying attention to industry leaders’ trends. In her spare time, she serves on the Management Team and helps craft communications for the Junior League of Durham and Orange Counties.