So What’s The Job Market Looking Like Right Now?

Tl;dr It’s steady. It’s slowing down, but it’s good. Better off applying now than waiting. Some cities are hiring more than others.

Recruiters are looking to hire more college graduates than they did last year. Yay! According to the National Association of Colleges and Employers, as of April 2023, employers are planning to hire 4% more graduates from the Class of 2023 than they did from the Class of 2022. Nearly 90% of employers are planning to either maintain or increase their overall hiring compared to last year. More good news… employers are expecting to increase their hiring of interns this summer by more than 9% compared to last year.

According to the U.S. Bureau of Labor Statistics, the unemployment rate for 25-34 year olds with a bachelor’s degree is at 2.9%. Those with a master’s degree is even lower at 1.5%. Clearly, that bodes well for those who are graduating with a degree.

Job openings in the “Professional and Business Services” sector is high – especially compared to a decade ago – but it’s slowing. Take a look.

According to LinkedIn Workforce Report, in April, there were month-over-month increases in 8 out of 20 industries. The biggest gains were in “Farming, Ranching and Forestry” (+11.7%), “Utilities” (+5.8%), and “Oil, Gas and Mining” (+4.2%). The biggest declines were in “Accommodations” (-4.4%), “Entertainment Providers” (-3.4%), and “Retail” (-1.7%).

The same report also noted that there were hiring increases in 14 of 20 metro areas. The biggest games were in Miami/Fort Lauderdale (+6.2%), Minneapolis (+4.7%), and Nashville (+4.1%). The biggest declines were in St. Louis (-7.0%), Seattle (-2.4%), and San Francisco Bay Area (-1.4%).


It’s never too early. It’s never too late. Start today! (And the data suggests, you might not want to wait!)

By Gene Rhee
Gene Rhee Executive Director