The May 2022 Workforce Report found that hiring activity remained strong despite persistent talent shortages. Compared with January 2021, overall hiring activity increased by 45%, while job openings rose by 46%, demonstrating continued employer demand for workers. However, job application growth lagged significantly at just 6%, creating a substantial gap between available jobs and candidate supply. As a result, employers faced ongoing challenges in attracting talent, while job seekers gained greater leverage in the labor market. Candidates also became more selective, completing fewer applications and accepting job offers at lower rates than in previous years. The report noted that entry-level workers showed somewhat stronger engagement than other segments of the workforce, with higher appl

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