The employment landscape is constantly changing. Keep up on the most recent trends with our Monthly Job Market Summary. All data is provided by the Bureau of Labor Statistics and the America Staffing Association.
Monthly Job Market Summary
TalentRise’s monthly overview of the employment landscape, staffing updates, and industry trends in both the US and Canada
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March 2025
Unemployment changed little – 4.2%
The unemployment rate, at 4.2 percent changed little in March. The unemployment rate has remained in a narrow range of 4.0 percent to 4.2 percent since May 2024.
Long-term unemployed changed little
The number of long-term unemployed (those jobless for 27 weeks or more), at 1.5 million, changed little in march.
Labor force participation changed little
The labor force participation rate, at 62.5 percent, changed little over the month and over the year.
Average hourly earnings rose by $0.09
In March, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents, or 0.3 percent, to $36.00.
Number of people working part time for economic reasons changed little
The number of people employed part time for economic reasons, at 4.8 million, changed little in March.
People not in the labor force who currently want a job changed little
The number of people not in the labor force who currently want a job was essentially unchanged at 5.9 million in March.
Temp penetration rate remained at 1.59%
Temporary help employment was 1.59% of total nonfarm employment in March.
Temp help jobs decreased
Temporary help jobs in March decreased by 6,400 jobs, holding at 2.53 million.
Nonfarm payroll employment rose
Total nonfarm payroll employment rose by 228,000 in March
Notable job gains occurred in
Health Care (+54K)
Social Assistance (+24K)
Transportation and warehousing(+23k)
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Industry Trends
The “Great Detachment” Continues
A significant number of employees (51%) are exploring new job opportunities due to dissatisfaction at work, contributing to a “Great Detachment.”
Generational Nuances
- Millennials: Prioritize work-life balance, compensation, and stability most.
- Gen Z: Focus on professional development and career advancement.
Adapt to Unique Needs: Consider differences based on job role and other demographics.
Attract & Retain Talent: Understanding these priorities gives organizations a competitive edge in 2025.
Top 4 Factors Driving Job Changes:
- Work-Life Balance & Wellbeing: Rated most important (59%), reflecting a shift in expectations.
- Pay & Benefits: Still a critical factor (54%), driven by rising expectations.
- Stability & Job Security: Remains a key concern amidst economic uncertainty (54%).
- Job Fit: The ability to utilize strengths and passions (48%) boosts engagement.