State of the Labor Market
Commentary, data, analysis and insight into the US and global economy.
This report once again shows strong demand from employers leading to a hot labor market.
US job postings on Indeed.com on December 3 were 58% above February 1, 2020, the pre-pandemic baseline. Employers remain eager to hire workers who hire others, with HR job postings 118.8% above baseline.
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.