Job openings taking a hit

A pretty big miss on JOLTS—7.6 million job openings versus the expected 8 million. That’s not just a rounding error; that’s a clear sign the labor market isn’t as strong as some want to believe. And construction? Job openings are …

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80% of new job openings hidden

https://twitter.com/AndrewJCuff/status/1832469702553055655 Now it all makes sensehttps://t.co/9iekPHoK0z — Wuhan Fourth Turning Swan (@TheWuhanClan) September 8, 2024 AC

Job openings have collapsed

Job openings is a reliable leading indicator for the unemployment rate Job openings have collapsed Indicating that the unemployment rate is likely to increase pic.twitter.com/dH0bsSsCzy — Bravos Research (@bravosresearch) October 29, 2023

The US labor market is facing challenges, with job openings falling off a cliff, a trend that has only occurred three times since 2000. Leading economic indicators strongly point to a recession.

Yep this is one of the many metrics falling down in the labor market pic.twitter.com/fzMC6yWFGE — RecessionALERT (@RecessionAlert) October 12, 2023 Warning: The probability of a recession in 2024 is now over 60% This level has been seen only 2 …

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