A relevant FYI for many on Linked in… The US economy is coming out of a once-in-a-generation red hot job market that has persisted since 2021. Much like the dynamic of any market, extreme highs are not sustainable, although the job market as a whole is still in a good place; perhaps more sustainable. I advise putting more stock in the data than in anecdotes. https://lnkd.in/gMb4NhPk

The release of the JOLTS data is the first in a critically important series of snapshots due this week telling us where the job market stands. As the job market normalizes after the volatility and disruption associated with the pandemic, the supply and demand of labor is coming into better balance. The total number of U.S. job openings fell to nearly 8.1 million at the end of April, down about 300k from a downwardly revised level in the previous month. It is the lowest since early 2021, down nearly 1.9 million job openings from a year earlier. This translates to about 1.2 job openings for every individual deemed officially unemployed. Still, job openings remain elevated compared to pre-pandemic levels, but down substantially from the peak of more than 12 million in early 2022. (See graph below for job opening history). At the same time, the number and rate of so-called quits are also moderating, reflecting the normalization of the job market. What is your experience with the job market, as a worker, manager or applicant? Please share your thoughts as well as any tips for those seeking employment who would benefit from constructive insights.

Since the end of 2022, the number of job openings skyrocketed to double that of the unemployed, which sparked worries of a wage-price spiral akin to those of the 1970s! Read more on SVP and HTLF Director of Research Paul Dickson's insight on the labor market and more in the 2024 Q1 Financial Feed. https://bit.ly/3SW4PLi

Your compass is supposed to be whatever the media tells you it is. If it's the stock market, that's your compass whether you're an investor or not. If it's the job market, then it's time to pump up the numbers and tell you it's the GOAT of job markets. *SMH* #jobmarket #labormarket #jobmarketlies #economy #hiring #unemployment #work https://lnkd.in/gK5-N6CF

Making sense of the economy is crucial. In our latest blog, we explain how the job market works. https://hubs.la/Q01_cfcP0 We detail: ➡️ Macro level job market functions ➡️ Micro level job market functions ➡️ Job market liquidity and the 8 roadblocks #labormarket #jobmarket #jobsdata #altdata

The job market has undergone a significant transformation over the past few decades. Here are some lesser-known strategies to enhance job search outcomes for seasoned professionals.

Two excerpts from recent Wall Street Journal articles, the first making the case for a "so what" reader reaction and the second raising alarm. Same subject. Job Market Cools but Is Far From Freezing (8/29/23) The Labor Department last Tuesday reported a seasonally adjusted 8.8 million unfilled job openings on the last day of July, down from 9.2 million in June and 11.4 million a year earlier. That is still a ton of openings: 1.5 for each person counted as unemployed, in comparison with an average in 2019—a good year for jobs—of 1.2. But it still counts as a fresh sign that the job market is, in fact, cooling. The Generational Paradigm Shift Taking Over Markets (9/1/23) ..........the surprisingly weak job openings figures on Tuesday, which showed more than half a million fewer vacancies than economists had forecast and the number of job quitters back to pre-Covid levels.

In this #StifelSightLines, we summarize three cracks that are emerging in an otherwise strong job market. https://lnkd.in/gFAC3qjx