The Talivity Talent Market Index

    Your monthly labor market index—built for talent leaders

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    Watch the Talent Market Index for May 2026

    Top 3 Things Talent Leaders Need to Know

    Market analyst's callout board for May 2026

    The Top 3 Things TA Leaders need to know

    The labor market continues to demonstrate resilience, with +115K jobs added in April and March revised upward to +185K. Growth remains concentrated in a handful of sectors, including Healthcare (+37K), Transportation & Warehousing (+30K), and Retail (+20K), while Government and Information saw declines. The signal: hiring demand still exists, but it’s becoming increasingly selective. Employers are investing in roles tied directly to operational growth, essential services, and frontline business performance, while white-collar and administrative hiring remains more cautious.

    Leading Indicators Turned Positive

    Several labor market indicators suggest employers may be preparing for broader hiring activity ahead. Manufacturing overtime increased again in April, while temporary-help employment continued to rebound. Historically, both are viewed as early signals of future workforce expansion. At the same time, employers remain cautious. Hiring momentum is improving, but organizations are still balancing economic uncertainty, efficiency pressures, and evolving workforce needs. The signal: companies may be slowly shifting from workforce optimization back toward measured growth planning.

    TMI Shows Persistent Price Pressure Year Over Year

    Even as hiring activity stabilizes, the cost to attract talent remains elevated across most categories. Seven of nine Talent Market Index segments continue to sit above baseline year over year, reinforcing that competition for critical talent remains strong. This dynamic is especially visible in high-impact and specialized roles where employers continue to pay premiums to secure quality candidates. While month-over-month volatility suggests some cooling, the broader market has not fully normalized. The signal: employers can no longer rely on volume hiring strategies alone. Precision targeting, employer brand strength, and candidate conversion optimization are becoming increasingly important in controlling talent acquisition costs while remaining competitive.

    Talent Market Index™

    The Talivity Talent Market Index (TMI) offers a fresh perspective on talent supply and demand dynamics across industries. It tracks the fluctuating prices employers pay to attract talent through paid advertising across diverse media channels.

    Talent Market Index by Job Family

    Current month performance indicators for May 2026

    View Data As Chart

    Top Performers (TMI)

    Finance & Operations
    TMI: 1.99
    +11.80%
    MoM
    Healthcare
    TMI: 1.75
    +11.46%
    MoM
    Retail
    TMI: 1.57
    -4.85%
    MoM

    Other Sectors

    IT & Related
    +25.89%MoM
    TMI: 1.41
    Light Industrial
    +11.30%MoM
    TMI: 1.28
    Sales
    0.00%MoM
    TMI: 1.21
    Hospitality
    -17.78%MoM
    TMI: 1.11
    Transportation & Logistics
    -20.17%MoM
    TMI: 0.95
    Food Services
    +15.49%MoM
    TMI: 0.82

    Key Findings - May 2026

    Market Leaders

    Finance & Operations and Healthcare continue to lead the Talent Market Index, maintaining strong pricing power as employers remain highly selective in professional and operational hiring. Retail emerged as one of the biggest breakout segments this month, while Transportation & Logistics continues to show significant volatility despite remaining elevated overall.

    Across the market, employers are still willing to pay premiums for experienced, revenue-driving, and operationally critical talent where supply remains constrained and business impact is highest.

    Biggest MoM Movers

    Retail posted the strongest month-over-month growth this period, signaling renewed hiring demand following seasonal normalization and increased frontline workforce activity. Healthcare and Finance & Operations also continued to trend upward, reinforcing sustained investment in care delivery, operational leadership, and business-critical roles.

    On the decline side, IT & Related experienced the sharpest pullback, reflecting continued recalibration across the tech sector as organizations remain cautious with white-collar hiring. Transportation & Logistics, Hospitality, and Food Services also cooled month over month after experiencing elevated demand and pricing spikes earlier in the year.

    YoY Leaders

    ear over year, Transportation & Logistics remains one of the most elevated segments in the Index, underscoring continued structural pressure across supply chain, fulfillment, and logistics-related roles. Finance & Operations and Sales also continue to show strong long-term pricing growth, highlighting persistent competition for experienced talent tied directly to revenue generation and operational performance.

    Retail and Light Industrial remain resilient in high-volume hiring categories, while Healthcare and Food Services continue to sit above historical baseline levels. IT & Related and Hospitality are the only segments currently showing meaningful year-over-year declines, signaling ongoing normalization after previous post-pandemic peaks.

    Macro Context

    The labor market continues to send mixed signals. Month-over-month volatility reflects ongoing recalibration across sectors, while year-over-year pricing pressure remains elevated across most talent categories. Employers are becoming more selective, concentrating hiring investments around high-impact roles while pulling back in areas with excess labor supply or uncertain demand.

    The result is a market defined by uneven recovery and targeted demand. Hiring has not disappeared, but it has become increasingly strategic, with elevated pricing pressure persisting primarily in roles where talent shortages remain hardest to solve.

    Industry Breakdown & Analysis

    Detailed insights by sector for May 2026

    TMI: 1.99
    Finance & Operations
    +11.80%MoM
    |
    +306.12%YoY
    TMI: 1.75
    Healthcare
    +11.46%MoM
    |
    +57.66%YoY
    TMI: 1.57
    Retail
    -4.85%MoM
    |
    +161.67%YoY
    TMI: 1.41
    IT & Related
    +25.89%MoM
    |
    +69.88%YoY
    TMI: 1.28
    Light Industrial
    +11.30%MoM
    |
    +141.51%YoY
    TMI: 1.21
    Sales
    0.00%MoM
    |
    +157.45%YoY
    TMI: 1.11
    Hospitality
    -17.78%MoM
    |
    +35.37%YoY
    TMI: 0.95
    Transportation & Logistics
    -20.17%MoM
    |
    +93.88%YoY
    TMI: 0.82
    Food Services
    +15.49%MoM
    |
    +78.26%YoY

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