Becker's Healthcare January 11, 2024
Following a tumultuous 2023, experts are predicting that the labor market could begin to stabilize in the coming year, according to a Jan. 1 report from Forbes.
The unemployment rate has hit 3.7%, the Federal Reserve is considering interest rate cuts, and inflation is down to 3.1% from its peak of 9.1% in 2022.
Here are three labor trends employers, and employees, can expect to see in 2024, per Forbes:
Wages and raises will continue to slow: During the Great Resignation, when large numbers of employees quit their jobs in the wake of the pandemic, employers were...
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