2024 Peer Trends Report
The state of the labor market in 2024 can best be described as mixed. Unemployment has ticked up and job openings have slowed or stalled. While the economy has so far avoided a recession, softening conditions in competition for labor it an employer's market. However, some sectors have more competition for talent than others.
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Power of peer data
Peer is one of the few sources of HR-reported data that keeps pace with the market and captures trends across sectors. The 2024 Peer trends report examines market data in 2024 to demonstrate trends and provide helpful insights into fast-moving jobs.