Job market is ‘very strong,’ demand is ‘still there,' says workforce analyst

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Workforce analyst Joanie Bily discussed the May jobs report which revealed the U.S. labor market is still growing despite inflation and Federal Reserve policy.

. The demand is certainly there. We see it in trade and transportation. The professional and business service sector certainly travel, leisure and hospitality. Those jobs are all coming back. However, though, we are seeing, you know, employers and CEOs are going to be more cautious right now. So they're not putting a stop to hiring. But I would say we're feeling a little bit of a pause. And that just comes from uncertainty.

EmployBridge chief workforce analyst Joanie Bily provided insight into the may jobs report on"Mornings with Maria."So there's so much going on that I think we could see a little bit of a slowdown. But the truth is the demand is still there. We have 11.4 million open jobs. Employers are struggling to find talent, so they don't want to completely put the brakes on it, but they're being a little bit more cautious.

 

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