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randstad risesmart labor market barometer: a comprehensive monthly pulse of the US labor market.

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For more information about the Randstad RiseSmart Labor Market Barometer, please download the index methodology.

What does US labor market recovery look like one year after the initial global pandemic outbreak?

The Randstad RiseSmart Labor Market Barometer aims to provide a comprehensive analysis of the US labor market a year after the start of the pandemic.

To determine the monthly barometer figure, RiseSmart uses a PCA-based statistical model. The ten labor macro indicators aggregated into the barometer include:

• Unemployment level

• Unemployment rate

• Initial claims four week moving average (4-WMA)

• American Staffing Association (ASA) staffing index

• Employment diffusion index

• Layoffs and discharges

• Institute of Supply Management (ISM) Index percentage reporting lower volumes in services

• ISM Index percentage reporting lower volumes in manufacturing

• Google searches (unemployment topic)

Download the full report to learn more about the labor market indicators included in the barometer, along with key drivers of recovery.