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Learn more Talk to salesCompliment your sourcing and engagement efforts with sophisticated lead scoring and advanced campaign personalization.
Learn more Talk to salesModernize, streamline, and accelerate your communication with candidates and employees.
Learn more Talk to salesTransform the talent experience by showcasing your authentic employer brand through employee-generated video testimonials.
Learn more Talk to salesGive your business a competitive edge with a complete solution for creating personalized, timely, and accurate digital offer letters that inspire candidates to want to join your team.
Learn more Talk to SalesGet robust analytics that help you make sense of your data and illuminate your talent pool.
Learn moreSimplify recruiting, dynamically engage talent, and reduce hiring bias with job matching and recruiting chatbot technology.
Learn more Talk to salesThe #1 ATS in market share, our cloud-based recruiting software is built for both commercial and large, global employers.
Learn more Talk to salesAttract the best talent for your business with powerful, on-brand career websites that excite candidates and drive engagement.
Learn more Talk to salesBuild talent pipelines, engage candidates with multi-channel marketing campaigns, and use machine learning to automatically surface the right talent for the job.
Learn more Talk to salesEmpower candidates with automated self-service, qualification screening, and interview scheduling through an AI-enabled digital assistant.
Learn more Talk to salesSimplify employee onboarding with automated processes that maximize engagement and accelerate productivity.
Learn more Talk to salesCompliment your sourcing and engagement efforts with award-winning lead scoring and advanced campaign personalization.
Learn moreImprove employee experience, retention, and reduce internal talent mobility friction with the iCIMS Opportunity Marketplace.
Learn more Talk to salesModernise, streamline, and accelerate your communication with candidates and personnel.
Learn more Talk to salesTransform the talent experience by showcasing your authentic employer brand through employee-generated video testimonials.
Learn more Talk to salesGet robust analytics that help you make sense of your data and illuminate your talent pool.
Learn moreSimplify recruiting, dynamically engage talent, and reduce hiring bias with job matching and recruiting chatbot technology.
Learn more Talk to salesHow PRMG attracts 50% more applicants for niche finance roles with the iCIMS Talent Cloud.
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December 30, 2022 
3 min read
As the end of 2022 approaches, job numbers reflect a year that was defined by uncertainty, with employers and job seekers alike facing mixed signals surrounding the business landscape.
Job openings, job applications and hiring activity continues to trend downward — a pattern that has been in play for the last several months. There is much buzz surrounding the job market, but the declines are likely due to typical year-end seasonality. A slowdown in hiring is not unusual for this time of year, and iCIMS’ data highlights similar patterns in years past.
“Rumors of the labor market’s demise have been greatly exaggerated,” Nick Bunker, head of economic research at Indeed Hiring Lab, said following the release of the most recent jobs report. “The outlook for next year is still hazy with an aggressive Federal Reserve willing to raise unemployment to bring inflation down. But as we head to the end of 2022, the U.S. labor market remains resilient.”
As hiring cools, organizations would benefit from building a talent network with recruitment marketing software for when hiring inevitably picks up again. This allows recruiters to keep candidates engaged during a slow period and then quickly move them into the hiring funnel when a role opens.
Be prepared for whatever the new year brings with our 23 Tips for ’23.
With one month left in the year, talent market activity continues to trend downward. Job openings are down 5% since the start of the year. Hires are down 2% since the beginning of the year. While these slowdowns could seem a red flag to some, it’s a trend iCIMS data has tracked over the last several years:
Applications are declining month-over-month as well but remain up 14% since the start of the year. As of November 2022, employers are receiving 22.4 applications per opening – this is an increase of approximately 25% since the beginning of the year and is primarily being driven by the rise in applicants.
iCIMS Insights provides a deep understanding of the talent market through data drawn from its platform, including employer and job seeker activity from more than 4,000 customers and hundreds of millions of data points across job openings, job applications and hires.
Tap into the latest labor market activity and hiring trends in our December Insights report.
and receive free tips on how to attract, engage, hire, & advance the best talent.
