The number of open jobs in the US is currently at recession levels:
The number of job openings in the US decreased by -386,000 in December, down to 6.5 million, the lowest since September 2020. In the past two months, the number of job openings has fallen by -907,000, the largest two-month decline since March 2023. The number of job positions has dropped sharply by -5.6 million since the peak in March 2022. This figure is now below pre-pandemic levels in 2018 and 2019, at around 7 million. As a result, the job openings-to-unemployed ratio has fallen to 0.87, the lowest since February 2021, and significantly lower than the pre-pandemic high of 1.24. This figure is also lower than the level recorded during the 2001 recession. The weakening of the US labor market is increasing.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The number of open jobs in the US is currently at recession levels:
The number of job openings in the US decreased by -386,000 in December, down to 6.5 million, the lowest since September 2020.
In the past two months, the number of job openings has fallen by -907,000, the largest two-month decline since March 2023.
The number of job positions has dropped sharply by -5.6 million since the peak in March 2022.
This figure is now below pre-pandemic levels in 2018 and 2019, at around 7 million.
As a result, the job openings-to-unemployed ratio has fallen to 0.87, the lowest since February 2021, and significantly lower than the pre-pandemic high of 1.24.
This figure is also lower than the level recorded during the 2001 recession.
The weakening of the US labor market is increasing.