Dexian Professional Trends Report – Q2 2024

The outlook for employment growth in 2024 remains positive, however, it is projected to be at a much smaller pace than in recent years. Monthly job gains in the second half of 2023 averaged about 190,000, far below the 399,000 new jobs per month averaged in 2022. Some economists have forecast monthly payroll gains to average as low as 64,000 this year, while Flowers forecast an average of 100,000 jobs per month and Vachon predicted between 100,000 and 200,000 new jobs per month.