Daniel Zhao
@danielzhao.bsky.social
Glassdoor Chief Economist
glassdoor.com/research
I post charts about the job market and workplace trends
Formerly known as @DanielBZhao on Twitter
Maryland born & raised, now in NYC
glassdoor.com/research
I post charts about the job market and workplace trends
Formerly known as @DanielBZhao on Twitter
Maryland born & raised, now in NYC
Short write-up on some of the Glassdoor job market indicators we are tracking as we wait for the jobs report releases to resume:
www.glassdoor.com/blog/glassdo...
www.glassdoor.com/blog/glassdo...
October jobs report: Glassdoor data during the shutdown - Glassdoor US
www.glassdoor.com
November 6, 2025 at 3:18 PM
Short write-up on some of the Glassdoor job market indicators we are tracking as we wait for the jobs report releases to resume:
www.glassdoor.com/blog/glassdo...
www.glassdoor.com/blog/glassdo...
[3] 18% of candidates that reported receiving a job offer on Glassdoor later declined the offer, down from 19% in September and from 23% in October 2024.
The falling job offer rejection rate could point to workers settling for an acceptable job offer rather than holding out for an ideal one.
The falling job offer rejection rate could point to workers settling for an acceptable job offer rather than holding out for an ideal one.
November 6, 2025 at 3:18 PM
[3] 18% of candidates that reported receiving a job offer on Glassdoor later declined the offer, down from 19% in September and from 23% in October 2024.
The falling job offer rejection rate could point to workers settling for an acceptable job offer rather than holding out for an ideal one.
The falling job offer rejection rate could point to workers settling for an acceptable job offer rather than holding out for an ideal one.
[2] 3.6% of reviews on Glassdoor mentioned layoff keywords in October, down 3.5% month-over-month, but still up a staggering 22% year-over-year.
The most recent wave of layoff announcements landed very late in October, so we might see employee anxiety about layoffs pick up in November instead
The most recent wave of layoff announcements landed very late in October, so we might see employee anxiety about layoffs pick up in November instead
November 6, 2025 at 3:18 PM
[2] 3.6% of reviews on Glassdoor mentioned layoff keywords in October, down 3.5% month-over-month, but still up a staggering 22% year-over-year.
The most recent wave of layoff announcements landed very late in October, so we might see employee anxiety about layoffs pick up in November instead
The most recent wave of layoff announcements landed very late in October, so we might see employee anxiety about layoffs pick up in November instead
With no October jobs report tomorrow, what do some other Glassdoor indicators say about the job market?
[1] Pay declined slightly in October, down 0.3% month-over-month, though on a year-over-year basis, pay growth accelerated slightly to +5.2% from +4.9% in September.
[1] Pay declined slightly in October, down 0.3% month-over-month, though on a year-over-year basis, pay growth accelerated slightly to +5.2% from +4.9% in September.
November 6, 2025 at 3:18 PM
With no October jobs report tomorrow, what do some other Glassdoor indicators say about the job market?
[1] Pay declined slightly in October, down 0.3% month-over-month, though on a year-over-year basis, pay growth accelerated slightly to +5.2% from +4.9% in September.
[1] Pay declined slightly in October, down 0.3% month-over-month, though on a year-over-year basis, pay growth accelerated slightly to +5.2% from +4.9% in September.
Reposted by Daniel Zhao
But looking across industries, this spare capacity is not particularly concentrated in industries gaining new tariff protection. In 2025 so far, capacity utilization has not risen more in industries receiving more new import protection. (2/3) www.federalreserve.gov/econres/note... #FEDSNote
October 31, 2025 at 7:45 PM
But looking across industries, this spare capacity is not particularly concentrated in industries gaining new tariff protection. In 2025 so far, capacity utilization has not risen more in industries receiving more new import protection. (2/3) www.federalreserve.gov/econres/note... #FEDSNote
They don't share that data unfortunately
October 30, 2025 at 9:42 PM
They don't share that data unfortunately
My assumption is that furloughed federal workers would apply through UCFE. I guess there could be leakage into traditional UI but afaik there isn't a formal path for federal workers to get non-UCFE UI (though that's more from my ignorance rather than certainty)
October 30, 2025 at 9:42 PM
My assumption is that furloughed federal workers would apply through UCFE. I guess there could be leakage into traditional UI but afaik there isn't a formal path for federal workers to get non-UCFE UI (though that's more from my ignorance rather than certainty)
Amazon headcount grew in Q3 2025 to 1,578,000, up 2% QoQ & YoY and now at the highest level since Q1 2022.
The QoQ increase of 32,000 employees is ironically almost the same as their plan to cut 30,000 corporate employees, reported earlier this week: www.reuters.com/business/wor...
The QoQ increase of 32,000 employees is ironically almost the same as their plan to cut 30,000 corporate employees, reported earlier this week: www.reuters.com/business/wor...
October 30, 2025 at 9:16 PM
Amazon headcount grew in Q3 2025 to 1,578,000, up 2% QoQ & YoY and now at the highest level since Q1 2022.
The QoQ increase of 32,000 employees is ironically almost the same as their plan to cut 30,000 corporate employees, reported earlier this week: www.reuters.com/business/wor...
The QoQ increase of 32,000 employees is ironically almost the same as their plan to cut 30,000 corporate employees, reported earlier this week: www.reuters.com/business/wor...
Reposted by Daniel Zhao
Yet the new hesitancy about cutting in December seems more a response to a potential rebound in jobs rather than worries about inflation. Some on the committee think growth is improving, which could actually boost hiring.
Powell: "They're noticing stronger economic activity."
Powell: "They're noticing stronger economic activity."
October 30, 2025 at 4:12 PM
Yet the new hesitancy about cutting in December seems more a response to a potential rebound in jobs rather than worries about inflation. Some on the committee think growth is improving, which could actually boost hiring.
Powell: "They're noticing stronger economic activity."
Powell: "They're noticing stronger economic activity."
Honestly no clue what it looks like right now. In tech, voluntary attrition is down but performance expectations are going higher too
In Jan, they said they were targeting 5% non-regrettable attrition this cycle (which I think means thru end of this yr)
www.businessinsider.com/meta-tells-m...
In Jan, they said they were targeting 5% non-regrettable attrition this cycle (which I think means thru end of this yr)
www.businessinsider.com/meta-tells-m...
Internal Meta memo tells managers how performance-based job cuts will work
CEO Mark Zuckerberg starts another year by focusing even more on efficiency. This time he's targeting low-performing employees.
www.businessinsider.com
October 30, 2025 at 12:53 AM
Honestly no clue what it looks like right now. In tech, voluntary attrition is down but performance expectations are going higher too
In Jan, they said they were targeting 5% non-regrettable attrition this cycle (which I think means thru end of this yr)
www.businessinsider.com/meta-tells-m...
In Jan, they said they were targeting 5% non-regrettable attrition this cycle (which I think means thru end of this yr)
www.businessinsider.com/meta-tells-m...
Alphabet employee count up 2% QoQ, 5% YoY in Q3 2025, rising to 190,167, up from 187,103. That's also the highest level since Q1 2023 and also close to a new record high.
October 30, 2025 at 12:32 AM
Alphabet employee count up 2% QoQ, 5% YoY in Q3 2025, rising to 190,167, up from 187,103. That's also the highest level since Q1 2023 and also close to a new record high.
Reposted by Daniel Zhao
First up @nicktimiraos.bsky.social Q: are you uncomfortable with market pricing of a move at the next meeting?
A: We're not on a preset course and markets need to take that on board. We had strong views and strongly differing views today.
A: We're not on a preset course and markets need to take that on board. We had strong views and strongly differing views today.
October 29, 2025 at 6:39 PM
First up @nicktimiraos.bsky.social Q: are you uncomfortable with market pricing of a move at the next meeting?
A: We're not on a preset course and markets need to take that on board. We had strong views and strongly differing views today.
A: We're not on a preset course and markets need to take that on board. We had strong views and strongly differing views today.
What's your best "hear me out..." trade proposal i.e., one that fans would hate but you think would actually be a good idea?
Daniel Z.
Daniel Z.
October 29, 2025 at 3:45 PM
What's your best "hear me out..." trade proposal i.e., one that fans would hate but you think would actually be a good idea?
Daniel Z.
Daniel Z.