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Takeaways:
The consistent decline in job postings that began in early 2022 showed signs of leveling off in Q3 2024. As of Oct.18, job postings were 10.8% above pre-pandemic levels. Postings for Hospitality & Tourism roles were down 20.7% year-over-year as of Oct. 18. Posted wage growth for Retail and Food Preparation & Service roles has leveled off in recent months. Pay transparency climbed in Retail and Hospitality & Tourism postings, but dropped in Food Service & Preparation. Video of Indeed Hiring Lab Sr. Economist Daniel Culbertson discussing the 2024 Labor Market Update Q3 with a