Share of remote job postings is declining as the labor market softens

Contributors:

As labor market momentum has slowed, hiring for remote functions is the first segment showing a notable reversal, as the share of new job postings in July that were designated as remote fell to the lowest level since January.
While new job postings in the technology, finance and professional services industries in July edged down just 4% from peak volumes, the volume of remote job postings in these industries has fallen by 27% since May.
Remote job listings are becoming especially scarce within government and other public-sector white-collar roles, where the share of remote listings peaked in October 2021 at 22% but comprised just 8% of job postings in July.
Generally, the fastest-growing markets have relied more on remote work to expand employment bases—gateway markets have consistently averaged a lower share of remote positions compared to the country as a whole.

Public-private office pricing disconnect is intensifying