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.
Hiring remains steady, but rise in layoffs is reminder that we are not out of the woods.
The US economy lost 140,000 jobs last month, and the unemployment rate is at 6.7%, unchanged from November.
Job openings ticked up in October, but they remain 5% below February levels, according to the latest data from the federal Job Openings and Labor Turnover Survey (JOLTS).
The US economy gained 245,000 jobs last month, and the unemployment rate is at 6.7%, down from 6.9% in October.
Job openings and quits remain stagnant, a bad sign for the recovery.
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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