Q1 2024 Economic Indicator Report

LinkUp’s Q1 2024 job data reveals a robust job market with intensifying labor demand. Approximately 367,300 positions were added to the U.S. economy, reflecting a 7.5% increase. This increase is further underscored by a 4.3% rise in removed jobs, suggesting a competitive hiring landscape with companies actively filling vacancies. However, the data also shows a slowdown in hiring velocity. The average time a job listing remains active rose to 47.6 days, representing a 3.4-day increase compared to Q4 2023. This trend suggests companies may be taking longer to find candidates to fill open positions.

For a deeper look at each month’s job market analytics, view our monthly jobs recaps.

U.S. Job Listings by Month | January 2020 - March 2024

Job Demand by State

In Q1, labor demand increased in 28 states. The five states with the highest demand were Montana (24.9%), Maine (12.3%), Alaska (12.1%), Rhode Island (10.1%), and Vermont (7.1%).

% change in active job listings (quarter-over-quarter) | Q1 2024

Job Demand by Industry and Occupation

52.2% of U.S. industries experienced an increase in labor demand during Q1. The industries with the largest increase included Educational Services* (+23.9%), followed by Construction (+12.9%), and Public Administration (+10.2%).

Analyzing the job market data at the occupational level, 65% of occupations increased in demand. The 4 occupations with the largest increase were Educational Instruction and Library* (+71.6%), Construction and Extraction (+16.0%), Life, Physical and Extraction (+9.4%), and Arts, Design, Entertainment, Sports & Media (+9.4%).

*Our recent inclusion of additional public schools has affected this metric in Q1 2024. This fluctuation reflects an expansion of our data coverage, not necessarily a surge in government hiring.

Download the Q1 2024 Data

Download the full Q1 2024 Economic Indicator Report to explore all the U.S. labor market analytics.

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