Credit: pinkrabbit/Adobe Stock

The economy's labor market has rebounded after slumping in the second half of 2023 and currently boasts a historically low level of volatility. Those are the big takeaways from the most recent Economic Indicator Report.

According to the report, which was carried out by job search engine LinkUp and pulls data from its database of over 65,000 company websites, labor demand increased significantly from Q4 2023 to Q1 2024. Active job listings jumped 0.9% and 7.5% more new jobs were added. At the same time, the removal rate for job postings increased 4.3%, suggesting that positions were being filled quickly. Average posting duration also jumped to 47.6 days, a 7.5% increase. According to the report's authors, these numbers are good news, "These combined factors paint a picture of a dynamic job market with strong employer demand and a need for qualified candidates to fill the growing number of open positions."

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