The August 2022 Workforce Report found that the U.S. labor market had fully recovered the jobs lost during the COVID-19 pandemic, with unemployment falling to a 53-year low. While employer demand and workforce activity remained strong, iCIMS data suggested that the talent market was beginning to stabilize after an extended period of rapid growth. Job openings, applications, and hires all remained above January 2022 levels, though the pace of growth was starting to slow. The report highlighted particular challenges in the education sector, where job openings increased significantly compared with both the previous year and pre-pandemic levels, but application volume failed to keep pace, creating hiring difficulties. Technology-related job applications had also returned to levels seen before

Join for free to read