Workforce Insight Report
January 2024 Insights
Unemployment Trends
Unemployment remains at 3.7% with no revision in recent months, signaling that the labor market remains strong.
Wage Growth
Wage Growth had a surprising and significant rise from last month at a rate of 7.4% - pointing to a strong gain in new jobs.
Payroll Data
Nonfarm payrolls increased by 353,000 with notable revisions in December of 2023, and upward revisions back to January 2023. These numbers exceed projections and indicates that hiring continues to be robust.
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