Job openings are falling. Unemployment is flat.
We’ve seen this movie before.The 2020–2025 labor market setup is starting to rhyme with 2007, when JOLTS rolled over quietly, and the unemployment rate held steady… until it didn’t.
Not a perfect correlation yet, but one H2… pic.twitter.com/lCiYvZUDqL
— Kurt S. Altrichter, CRPS® (@kurtsaltrichter) July 8, 2025