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.
Job openings and quits remain stagnant, a bad sign for the recovery.
The US economy gained 638,000 jobs last month, and the unemployment rate is at 6.9%, down from 7.9% in September.
After a few months of being surprisingly strong, job openings have slowed down.
The US economy gained 661,00 jobs last month, and the unemployment rate is at 7.9%, down from 8.4% in August.
As of July, there are 2.5 unemployed workers per job opening.
The Indeed Hiring Lab is an international team of economists who provide insights that help drive the global labor market conversation.
Subscribe to Indeed Hiring Lab
Keep up with the latest