5x Dow & Founders Award Winner. Portfolio Manager. Publisher of The Lead-Lag Report. Host of the Lead-Lag Live Podcast. Over 1 Million Social Media Followers across X, YouTube, Instagram, Threads, Substack, and LinkedIn.
Historically, the number of job openings tends to mirror the inverse of the unemployment rate. Weak job openings mean higher unemployment. Strong job openings mean lower unemployment. As one goes down, the other goes up. https://buff.ly/3VvVxbf
ON PARENTAL LEAVE UNTIL 2025 | Research director @ Indeed Hiring Lab
Over the past two-plus years, job openings have fallen by over 30%, and data from Indeed's Job Postings Index suggest they are still declining. Yet the unemployment rate has only drifted up during that time. The possibility of such a labor market moderation was the topic of a debate between Fed policymakers and some prominent economists. The Fed's view has won. But how much further do openings need to fall before policymakers feel the labor market is rebalanced? Looking back at the models used in the summer 2022 debate, job openings don’t have much further to fall before returning to their relative balance circa 2019. For more on this topic, check out the Indeed US Labor Market Update for May 2024. Link in the comments!
According to the Fed official who spearheaded (and won) that debate: Waller: “Will employment bear the brunt of the reduction in demand or will vacancies absorb the impact? Traditional Phillips curve analysis assumes that employment would bear the brunt and as a result, unemployment would rise significantly from a tightening of monetary policy. History has shown that this is not an unreasonable assumption, particularly when the job vacancy rate is below 4.5 percent.” https://lnkd.in/dv_uhwn4
ON PARENTAL LEAVE UNTIL 2025 | Research director @ Indeed Hiring Lab
Over the past two-plus years, job openings have fallen by over 30%, and data from Indeed's Job Postings Index suggest they are still declining. Yet the unemployment rate has only drifted up during that time. The possibility of such a labor market moderation was the topic of a debate between Fed policymakers and some prominent economists. The Fed's view has won. But how much further do openings need to fall before policymakers feel the labor market is rebalanced? Looking back at the models used in the summer 2022 debate, job openings don’t have much further to fall before returning to their relative balance circa 2019. For more on this topic, check out the Indeed US Labor Market Update for May 2024. Link in the comments!
Job openings are on the decline, signaling potential shifts in the economic landscape. Key insights to consider: — A decrease in job openings could indicate cooling labor market conditions. — This trend may influence unemployment rates and overall economic stability. — Understanding the interplay between job openings, inflation, and interest rates can help keep you more informed about the state of the economy. Staying updated on employment trends can be useful for making informed decisions. How do you think declining job openings will impact the economy and labor market? #Hiring #Inflation #Career #Trends #Strategy Source: https://lnkd.in/es-eQExZ
Assistant Vice President - Talent Manager | Labor Consultant | Client Solutions | Strategic Partner | Account Management | Talent Advisor | Finance & Accounting | Consultative Talent Solutions
📢 💹 MAY JOBS REPORT📢💹 Exciting news for the U.S. job market! Last month saw a strong surge in job growth, surpassing expectations with an increase of 272,000 nonfarm jobs. Average hourly earnings also rose by 4.1% from last year, exceeding forecasts. Though the unemployment rate edged up to 4%, it still reflects a stable labor market. This marks the first time since January 2022 that the rate has hit 4%, ending a long streak of sub-4% unemployment. #economy #JobMarket #EconomicUpdate #LaborTrends #jobs
Job openings are on the decline, signaling potential shifts in the economic landscape. Key insights to consider: ⭐ A decrease in job openings could indicate cooling labor market conditions. 📊 This trend may influence unemployment rates and overall economic stability. 💡 Understanding the interplay between job openings, inflation, and interest rates can help keep you more informed about the state of the economy. https://lnkd.in/eENRe59J
📈 254K jobs added to the U.S. economy in September exceeding economists' expectations by 100K jobs. 💼 The unemployment rate ticked down slightly to 4.1%. ⬆️ Professional and business services saw a bump with 17K jobs added. While job openings across the U.S. edged up to 8 million, a sign that there is pent up demand. 📺 Watch for job market insights and ways to use our 2025 Salary Guide to help you hire or get hired. #BLS #JobsReport #RobertHalf
Assistant Vice President l Practice Director - Contract Finance & Accounting at Robert Half l Former Student Athlete
📈 254K jobs added to the U.S. economy in September exceeding economists' expectations by 100K jobs. 💼 The unemployment rate ticked down slightly to 4.1%. ⬆️ Professional and business services saw a bump with 17K jobs added. While job openings across the U.S. edged up to 8 million, a sign that there is pent up demand. 📺 Watch for job market insights and ways to use our 2025 Salary Guide to help you hire or get hired. #BLS #JobsReport #RobertHalf
📈 254K jobs added to the U.S. economy in September exceeding economists' expectations by 100K jobs. 💼 The unemployment rate ticked down slightly to 4.1%. ⬆️ Professional and business services saw a bump with 17K jobs added. While job openings across the U.S. edged up to 8 million, a sign that there is pent up demand. 📺 Watch for job market insights and ways to use our 2025 Salary Guide to help you hire or get hired. #BLS #JobsReport #RobertHalf
📈 254K jobs added to the U.S. economy in September exceeding economists' expectations by 100K jobs. 💼 The unemployment rate ticked down slightly to 4.1%. ⬆️ Professional and business services saw a bump with 17K jobs added. While job openings across the U.S. edged up to 8 million, a sign that there is pent up demand. 📺 Watch for job market insights and ways to use our 2025 Salary Guide to help you hire or get hired. #BLS #JobsReport #RobertHalf
Branch Director - Finance & Accounting | Contract & Full Time Engagement Professionals
📈 254K jobs added to the U.S. economy in September exceeding economists' expectations by 100K jobs. 💼 The unemployment rate ticked down slightly to 4.1%. ⬆️ Professional and business services saw a bump with 17K jobs added. While job openings across the U.S. edged up to 8 million, a sign that there is pent up demand. 📺 Watch for job market insights and ways to use our 2025 Salary Guide to help you hire or get hired. #BLS #JobsReport #RobertHalf
