2nd Quarter 2024 Brief – Music To Our Ears

Posted: Jul. 10th, 2024 at 11:16 am under General

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School’s out for summer and the summer job market is looking hot. FirstPRO 360 plans on walking on sunshine, dancing in the street, and creating good vibrations for our clients as we celebrate summer in the city and avoid a cruel summer. So, soak up the sun and perhaps enjoy some cake by the ocean as you peruse the following information to help you or your company have some hot fun in the summertime…with all of your hiring needs.

The job market seems to have entered a sweet spot with the near-term outlook for the U.S. economy looking better than it did a few months ago. Forecasters predict the economy will continue to expand at an annual rate of 2.1% this quarter and 2.0% in Q3 up from the predictions of 1.5% previously. On the overall employment front, forecasters are seeing job gains in the current quarter at an estimated rate of 212,600 in 2024.

The Bureau of Labor Statistics (BLS) released its first read on May’s labor market recently, showing solid labor market conditions. Nonfarm payroll employment growth remained solid, exceeding consensus expectations with slight downward revisions for March and April. Unemployment rose to 4.0% from 3.9%
(non-recessionary) and nominal wage growth accelerated, while labor supply growth increased slightly.

With Georgia always on our minds at FirstPRO 360!

Georgia employment hit an all-time high amid an April job surge according to the Georgia Department of Labor. Jobs were up 15,500 over the month of April and up by 69,900 over the year to 4,967,400 an all-time high.

Interested in reading the entire 2nd Quarter 2024 brief?
https://indd.adobe.com/view/913859c6-7213-4bb5-b022-2ed48e396ec4