Indeed Hiring Lab
The labor market recovery accelerated last year as strong demand for workers turned into fast job growth and rising nominal wages.
Overall job search rose in November fueled by a jump in active job search among people currently out of work.
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%.