Quarterly Business Monitor: Third Quarter of 2024
In the bustling world of business-to-business (B2B) verticals, the trends in various sectors are painting a mixed picture. While the overall labor market trend in Q3 2024 is not specified to be a significant increase or decrease, some sectors are outperforming others.
One sector that stands out is Healthcare. Despite a general decline in job postings across industries, the Healthcare sector is performing better than the broader labor market. Interestingly, the decline in Healthcare job postings is smaller in some segments, indicating a resilience within the sector. However, as of Oct. 18, job postings in the Healthcare sector have decreased compared to last year.
On the other hand, the B2B vertical, excluding Software Development and Logistic Support in Transportation, is not specified to be following the overall trend of the labor market. Some segments, such as Software Development, are showing a distinct trend with a decline that has not yet shown a rebound as of Q3 2024.
The Insurance sector within the B2B vertical is part of the broader labor market trend, but specific details are not provided.
In the Transportation sector, a divergent trend is at play. While the overall sector is not specified to have decreased compared to last year, the Logistics Support segment is exhibiting a bright spot. The largest employer in logistics support tasks in the U.S. transportation sector in Q3 2024 is not explicitly stated, but Canadian National Railway, one of the largest North American rail companies known for excellence in logistics and operational efficiency, is a notable player.
Job postings across most Retail categories are following the overall trend of the labor market, mirroring the ebbs and flows of the broader economy.
In summary, while the labor market in Q3 2024 is not showing a clear trend, the Healthcare sector is outperforming, with some segments even showing growth. Meanwhile, the B2B vertical, excluding Software Development and Logistic Support in Transportation, is not following the overall trend, and some segments, such as Software Development, are experiencing a decline. The Transportation sector, specifically Logistic Support, is a bright spot, with Canadian National Railway being a significant player. Retail categories are following the overall trend of the labor market.
