Indeed Hiring Lab
Overall job search was essentially unchanged in October while active job search among those without a job retreated.
The underlying momentum of the labor market is still strong, but this month shows more uncertainty than expected.
Workers continue to quit at historic levels, with the quits rate hitting an all-time high of 3%.
US job postings on Indeed.com on November 5 were 51.4% above February 1, 2020, the pre-pandemic baseline. Job postings with low advertised wages have lagged middle and high advertised wage job postings since the delta surge.
Indeed’s new Relative Job Seeker Interest metric shows workers are drawn to jobs advertising higher wages and that offer more opportunity to work remotely.