Nick Bunker is the Economic Research Director for North America at the Indeed Hiring Lab who focuses on the U.S. labor market. He was previously a Senior Policy Analyst at the Washington Center for Equitable Growth, an economics think tank. Prior to that, Nick was a Research Assistant at the Center for American Progress. He holds a B.S.F.S. in international economics from Georgetown University.
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%.
Overall job search was essentially unchanged in October while active job search among those without a job retreated.
Job openings fell in August for the first time this year, suggesting that rising COVID case counts tempered employer demand for new hires.
The Indeed Hiring Lab is an international team of economists who provide insights that help drive the global labor market conversation.
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