Summer/Fall 2024 U.S. Labor Market Report

Amid surprisingly steady job growth, organizations are taking a cautious approach to labor. With possible rate cuts on the horizon, the market is poised for further shifts. Companies and workers must quickly adapt, focusing on technological advancements and education, flexible and targeted hiring, and optimizing sourcing strategies to attract top talent.

To help organizations increase adaptability in today’s complex labor market, Magnit analyzed millions of data points to uncover key trends and actionable takeaways. Topics include:

• The Evolution of AI: Worker perceptions, most impacted job titles, and how organizations should adjust to succeed
• Skills in Demand: Exploring the surge in demand for revenue-generating roles, plus strategies for winning the battle for talent
• The Rise of Offshoring: The data behind today’s record-breaking offshoring levels – and what companies need to know
• Hidden Sourcing Channels: How the shift to less visible project work is increasing rogue spend and misclassification risk

You’ll also discover the latest data on layoffs, overtime usage and hiring trends across specific U.S. regions.

Download the report now for exclusive insights and ideas for sourcing and retaining talent in today’s competitive landscape!