In the immediate term, job postings in Greater Grand Rapids remain on par with 2023 numbers, pointing to retained strength in the current labor market.
Talent attraction and retention remain major concerns for companies across Greater Grand Rapids, though less so than in previous years. An analysis of more than 550 retention calls conducted by The Right Place from September 2023 to September 2024 found: 24% 38% 32% 47% of companies reporting talent as a major pinch point of companies citing talent recruitment issues of companies citing talent recruitment issues of companies reporting talent as a major pinch point
GGR Unique Job Postings
160,000
140,000
120,000
100,000
80,000
60,000 40,000
20,000
0
2020
2021
2022
2023
2024
Source: Lightcast
Source: The Right Place
Signals are pointing toward companies in Greater Grand Rapids slowing the pace of hiring in the future.
Staffing Projections
70%
Increasing
Stable
60%
50%
40%
30%
20%
10%
0%
2023
Q1 2024
Q3 2024
Source: The Right Place
THE LABOR MARKET | 4
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