Labor demand surged again in December after two consecutive drops, according to government data released on Wednesday hours ahead of the Federal Reserve's rate decision. The number of job vacancies jumped to 11 million in December from 10.4 million, mostly driven by seasonal-related categories like ... READ MORE >
job openings
Job openings and quits continue to moderate
Job openings fell in October to 10.3 million, continuing to signal moderation in labor demand amid the Federal Reserve's aggressive rate hike campaign. Since its peak in March, when the Fed began increasing rates, the number of job vacancies has dropped by almost 13% as the impact of the tightening has ... READ MORE >
Job openings and manufacturing production grow more than expected
Job openings came in hotter than expected in September, suggesting that the imbalance in the labor market will take longer to resolve than originally anticipated. There were 1.9 job vacancies for each unemployed worker, near a record high, according to data from the Labor Department released ... READ MORE >
Job openings fall as rate hikes take effect
In a sign that the chronically tight labor market may be easing, job openings plunged in August amid a slowdown in overall demand. That decline should come as an encouraging sign for the Federal Reserve, which has been targeting excess labor demand with aggressive interest rate hikes as it tries to ... READ MORE >
Job openings show signs of a slowdown
Job openings declined for the second straight month in May as the Federal Reserve's rate hikes slowed down overall demand. Still, the level of job vacancies—a proxy for labor demand—remained near a record high, which, in our view, was a sign of an overheated labor market If anything, the job openings ... READ MORE >
Chart of the day: Job openings remain near record high
U.S. job openings fell by 3.8% to 11.4 million in April amid economic moderation and monetary policy tightening, according to Bureau of Labor Statistics data released on Wednesday. Still, job openings remained near a record high, which puts more pressure on wages and inflation, and adds to the ... READ MORE >
Why excess labor demand is unhealthy
The labor market’s rebound from the pandemic has been nothing short of remarkable. Most of the staggering number of job losses have been recovered, and the unemployment rate is near its pre-pandemic low. But sometimes in economics there can be too much of a good thing. In this case, it’s the demand for ... READ MORE >
Robust job openings data might accelerate Fed’s rate hikes
U.S. job openings in February came in blazing hot again at 11.3 million, which translated to 1.8 jobs available per unemployed worker, the Bureau of Labor Statistics reported on Tuesday. The new data will add more pressure on the Federal Reserve to raise interest rates and cool the economy, and ... READ MORE >
Chart of the day: Job openings surpass 11 million in back-to-back months
The scramble by employers to find workers continued amid a historically tight labor market in January, as employers reported 11.3 million job openings for the month, according to government data released on Wednesday. That would have been the highest on record, except that December's figure was revised ... READ MORE >
Manufacturing slowed in January as labor market remained tight
Manufacturing slowed in January as demand moderated from a recent high in November, according to a report from the Institute for Supply Management on Tuesday. The top-line purchasing managers’ index fell to 57.6 on the month from 58.8 previously—the lowest since November 2020. Still, one should not ... READ MORE >