From CNBC: 2024-05-30 13:01:19

New data from Vanguard shows strong hiring for lower-earning Americans, holding steady above pre-pandemic levels. High-income worker demand has slightly decreased. Vanguard’s analysis shows a hire rate of 1.5% for workers earning less than $55,000 a year.
Hiring in higher-paying industries has declined, with workers earning over $102,000 experiencing a bigger fall in hiring rates. Higher earners are seeing a modest decline in hiring, while lower earners are booming in sectors like health care and hospitality.
The job market has cooled since the hottest year of 2022, but remains strong. The Federal Reserve raised interest rates to curb inflation. Despite some uncertainties, many factors point to a strong labor market in 2024, with companies gaining confidence in growth and the need to recruit next-gen talent.

Read more: Hiring stays strong for low earners, Vanguard finds