The Upjohn Institute New Hires Quality Index fell 0.1 percent between January and February, to $21.19. Hiring volume fell 0.7 percent for the month and 3.9 percent from a year ago. Hiring rates, which adjust for population change, fell 4.7 percent.
In this month’s release, index creator Brad Hershbein compares wage and hiring trends by educational attainment among three groups of new hires; those who did not attend college, those with a bachelor’s degree, and those with a graduate degree.
While wage, hiring volume, and hiring volume per-capita indexes mostly show continuing declines across all three groups, those with graduate degrees are experiencing the steepest drops, showing fewer opportunities for better-paying jobs since the eve of the COVID recession.
Read the full analysis or explore the index.