Work in Progress
Workers Will Keep Their Power in the Job Market Despite Recession Fears, Study Says
Glassdoor and Indeed’s 2023 hiring and workplace trends report forecasts competitive labor market conditions enduring well beyond any near-term fluctuations.
Photographer: Joe Raedle/Getty Images
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Workers are set to have an upper hand in the job market as demographic changes make it harder for employers to hire and retain staff, according to a new study by economists at Glassdoor Inc. and Indeed Inc.
An aging population and reduced immigration have led to a smaller pool of workers overall, according to the joint report, which analyzed employment trends across the US, Canada, France, the UK, Germany, Australia, Japan and China. As a result, staffing in certain industries will remain challenging for years to come.