FirstPRO 360 News
State of the Market – Q1 2022
Posted: Feb. 23rd, 2022 at 6:32 pm under General, White Papers
Our Employment Market Brief is to inform our business partners on the current employment market and what emerging trends are expected in the short-term.
US labor force participation rate is up 62.2% at the end of December 2021 and only 1.7% lower than pre-pandemic levels.
Our recent survey shows a shift in employee priorities and the current factors they use to evaluate new opportunities.
As we enter 2022, job market trends are showing a demand for increased salary and more hybrid work options. The increase in compensation costs in the Atlanta market was an average 2.3-3.0%. As the cost of living increase, companies must increase their budgets for compensation.