From my blog post, see full analysis here: https://polimetrics.substack.com/p/job-openings-and-labor-turnover-august

Data from the Job Openings and Labor Turnover Survey. Graph made with Claude.

Since Job Openings peaked in 2022, we have seen a steady decline and are currently tapering off at around pre-pandemic era levels.

Noticeably, hiring rates are currently below where they were prior to the pandemic and just about equal to the monthly hiring rate for April 2020, which was essentially the start of the lockdowns.

If you’re having trouble finding a job, it makes a lot of sense based on this data!

Posted by Public_Finance_Guy

4 comments

  1. Openings are fake implied growth to encourage investments.

  2. So many roles I apply to that were posted within 24 hours, send me an email 2 days later saying it has already been filled.

    So I know that was a ghost posting and I run into it a lot

  3. Openings can be faked so I don’t think this data is really useful.

  4. Can someone explain how “hiring rate” can exceed “job openings”?

    What exactly is the importance in the correlation here?

    Where would “unemployment” fit on this?

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