💸 Employers have been retreating from promoting signing bonuses but haven't abandoned them yet.
The share of job postings advertising signing bonuses remains more than twice its pre-pandemic level.
The share of job postings advertising signing bonuses remains more than twice its pre-pandemic level.
September 20, 2024 at 3:50 PM
💸 Employers have been retreating from promoting signing bonuses but haven't abandoned them yet.
The share of job postings advertising signing bonuses remains more than twice its pre-pandemic level.
The share of job postings advertising signing bonuses remains more than twice its pre-pandemic level.
🎢 Advertised wages for food prep jobs have been on a roller coaster for the past five years, but they look to be settling down now.
🧊 Dropped to 0.3% by June 2020
🚀 Rocketed up to 15.4% in Jan 2022
➡️ Now at 2.6% as of Aug 2024
🧊 Dropped to 0.3% by June 2020
🚀 Rocketed up to 15.4% in Jan 2022
➡️ Now at 2.6% as of Aug 2024
September 19, 2024 at 2:11 PM
🎢 Advertised wages for food prep jobs have been on a roller coaster for the past five years, but they look to be settling down now.
🧊 Dropped to 0.3% by June 2020
🚀 Rocketed up to 15.4% in Jan 2022
➡️ Now at 2.6% as of Aug 2024
🧊 Dropped to 0.3% by June 2020
🚀 Rocketed up to 15.4% in Jan 2022
➡️ Now at 2.6% as of Aug 2024
But the magnitude of the rebound is largest among high-wage sectors.
September 17, 2024 at 3:15 PM
But the magnitude of the rebound is largest among high-wage sectors.
The recent acceleration isn't limited to a few sectors.
Most sectors are still seeing a slow down with about 55% of occupational sectors having slower posted wage growth in February in August. But that's down from 73% back in April.
Most sectors are still seeing a slow down with about 55% of occupational sectors having slower posted wage growth in February in August. But that's down from 73% back in April.
September 17, 2024 at 3:14 PM
The recent acceleration isn't limited to a few sectors.
Most sectors are still seeing a slow down with about 55% of occupational sectors having slower posted wage growth in February in August. But that's down from 73% back in April.
Most sectors are still seeing a slow down with about 55% of occupational sectors having slower posted wage growth in February in August. But that's down from 73% back in April.
After returning to its pre-pandemic pace, posted wage growth is creeping back up.
According to the latest data from the Indeed Wage Tracker, wages and salaries advertised in job postings grew at a 3.3% rate in August.
According to the latest data from the Indeed Wage Tracker, wages and salaries advertised in job postings grew at a 3.3% rate in August.
September 17, 2024 at 3:09 PM
After returning to its pre-pandemic pace, posted wage growth is creeping back up.
According to the latest data from the Indeed Wage Tracker, wages and salaries advertised in job postings grew at a 3.3% rate in August.
According to the latest data from the Indeed Wage Tracker, wages and salaries advertised in job postings grew at a 3.3% rate in August.
Goldman Sachs: "JOLTS job openings have been revised by an average of 180k in their second reading over the last couple of years, double what was typical four years ago and more than triple what was typical six years ago."
November 27, 2023 at 3:52 PM
Goldman Sachs: "JOLTS job openings have been revised by an average of 180k in their second reading over the last couple of years, double what was typical four years ago and more than triple what was typical six years ago."
Looks like the UAW strike is over. Big wage gains are in store, but the 4-day workweek didn't make it in.
We looked at the share of job postings that advertise this work schedule. Unsurprisingly, it's uncommon, but notably, Production & Manufacturing is the sector with the 4th highest share.
We looked at the share of job postings that advertise this work schedule. Unsurprisingly, it's uncommon, but notably, Production & Manufacturing is the sector with the 4th highest share.
October 30, 2023 at 7:24 PM
Looks like the UAW strike is over. Big wage gains are in store, but the 4-day workweek didn't make it in.
We looked at the share of job postings that advertise this work schedule. Unsurprisingly, it's uncommon, but notably, Production & Manufacturing is the sector with the 4th highest share.
We looked at the share of job postings that advertise this work schedule. Unsurprisingly, it's uncommon, but notably, Production & Manufacturing is the sector with the 4th highest share.
I need a new synonym for resilient. Job postings are still holding strong.
The Indeed Job Postings Index is down 1% since June 16th. Much of that strength is concentrated in sectors least likely to offer remote work (i.e., in-person jobs). They are UP 3% since mid-June.
The Indeed Job Postings Index is down 1% since June 16th. Much of that strength is concentrated in sectors least likely to offer remote work (i.e., in-person jobs). They are UP 3% since mid-June.
October 24, 2023 at 2:53 PM
I need a new synonym for resilient. Job postings are still holding strong.
The Indeed Job Postings Index is down 1% since June 16th. Much of that strength is concentrated in sectors least likely to offer remote work (i.e., in-person jobs). They are UP 3% since mid-June.
The Indeed Job Postings Index is down 1% since June 16th. Much of that strength is concentrated in sectors least likely to offer remote work (i.e., in-person jobs). They are UP 3% since mid-June.
Visited the true bastion of price stability
October 20, 2023 at 10:55 PM
Visited the true bastion of price stability
Job postings remain resilient. Through October 13, job postings on Indeed are still up 27% from their pre-pandemic level.
Postings are down 14.7% year-to-date, but most of that decline happened during the first half of the year. They are down only 0.9% since June 16th. #NumbersDay
Postings are down 14.7% year-to-date, but most of that decline happened during the first half of the year. They are down only 0.9% since June 16th. #NumbersDay
October 17, 2023 at 1:34 PM
Job postings remain resilient. Through October 13, job postings on Indeed are still up 27% from their pre-pandemic level.
Postings are down 14.7% year-to-date, but most of that decline happened during the first half of the year. They are down only 0.9% since June 16th. #NumbersDay
Postings are down 14.7% year-to-date, but most of that decline happened during the first half of the year. They are down only 0.9% since June 16th. #NumbersDay
We got more indication that wage growth is slowing. The
Atlanta Fed's Wage Growth Tracker ticked down to 5.2% in September.
Job switchers' growth moved sideways, but gains for job stayers ticked down to its slowest pace since Feb 2022.
Atlanta Fed's Wage Growth Tracker ticked down to 5.2% in September.
Job switchers' growth moved sideways, but gains for job stayers ticked down to its slowest pace since Feb 2022.
October 11, 2023 at 8:57 PM
We got more indication that wage growth is slowing. The
Atlanta Fed's Wage Growth Tracker ticked down to 5.2% in September.
Job switchers' growth moved sideways, but gains for job stayers ticked down to its slowest pace since Feb 2022.
Atlanta Fed's Wage Growth Tracker ticked down to 5.2% in September.
Job switchers' growth moved sideways, but gains for job stayers ticked down to its slowest pace since Feb 2022.
The trend is also clear across wage levels, as occupational sectors across the pay distribution are seeing slowing growth.
October 11, 2023 at 3:59 PM
The trend is also clear across wage levels, as occupational sectors across the pay distribution are seeing slowing growth.
The unsmoothed data did tick up to an annual rate of 4.4% in September, but the underlying trend is still deceleration. Wage growth continues to retreat across the labor market with posted wages in 82% of occupational sectors growing slower in September than in March.
October 11, 2023 at 3:59 PM
The unsmoothed data did tick up to an annual rate of 4.4% in September, but the underlying trend is still deceleration. Wage growth continues to retreat across the labor market with posted wages in 82% of occupational sectors growing slower in September than in March.
Wage growth continues to slow down, according to new data from the Indeed Wage Tracker.
Year-over-year posted wage growth is running at a 3-month average of 4.3% as of September. It has now retracted more than 80% of its surge from its pre-pandemic pace.
Year-over-year posted wage growth is running at a 3-month average of 4.3% as of September. It has now retracted more than 80% of its surge from its pre-pandemic pace.
October 11, 2023 at 3:58 PM
Wage growth continues to slow down, according to new data from the Indeed Wage Tracker.
Year-over-year posted wage growth is running at a 3-month average of 4.3% as of September. It has now retracted more than 80% of its surge from its pre-pandemic pace.
Year-over-year posted wage growth is running at a 3-month average of 4.3% as of September. It has now retracted more than 80% of its surge from its pre-pandemic pace.
In a pleasant turn of fate, we *are* getting JOLTS data for August tomorrow morning.
According to BLS, there were 8.83 million job openings at the end of July.
If openings grew at the same rate as job postings on Indeed, there were 8.79 million openings at the end of August.
According to BLS, there were 8.83 million job openings at the end of July.
If openings grew at the same rate as job postings on Indeed, there were 8.79 million openings at the end of August.
October 2, 2023 at 7:51 PM
In a pleasant turn of fate, we *are* getting JOLTS data for August tomorrow morning.
According to BLS, there were 8.83 million job openings at the end of July.
If openings grew at the same rate as job postings on Indeed, there were 8.79 million openings at the end of August.
According to BLS, there were 8.83 million job openings at the end of July.
If openings grew at the same rate as job postings on Indeed, there were 8.79 million openings at the end of August.
The holiday season is a couple months away, but we're already seeing indications that seasonal hiring will be less intense this year than during the past few years.
Get the full download from Allison Shrivastava hiringlab.org/2023/10/02/s...
Get the full download from Allison Shrivastava hiringlab.org/2023/10/02/s...
October 2, 2023 at 1:50 PM
The holiday season is a couple months away, but we're already seeing indications that seasonal hiring will be less intense this year than during the past few years.
Get the full download from Allison Shrivastava hiringlab.org/2023/10/02/s...
Get the full download from Allison Shrivastava hiringlab.org/2023/10/02/s...
Nice Terms of Trade shock for FL 🤘
October 2, 2023 at 1:34 PM
Nice Terms of Trade shock for FL 🤘
This morning BLS reported there were 9.8 million job openings on the last business day of May. Since then, the Indeed Job Postings Index has fallen by 2.8%.
If job openings grew at the same rate as postings over that period, there were 9.5 million job openings on June 30th
If job openings grew at the same rate as postings over that period, there were 9.5 million job openings on June 30th
July 6, 2023 at 6:33 PM
This morning BLS reported there were 9.8 million job openings on the last business day of May. Since then, the Indeed Job Postings Index has fallen by 2.8%.
If job openings grew at the same rate as postings over that period, there were 9.5 million job openings on June 30th
If job openings grew at the same rate as postings over that period, there were 9.5 million job openings on June 30th
The crux of a debate last year about the possibility of a 'soft landing' was whether or not job openings could rapidly decline without a resulting spike in job loss.
As of May 2023, job openings have declined 18% from their March 2022 peak.
And yet . . .
As of May 2023, job openings have declined 18% from their March 2022 peak.
And yet . . .
July 6, 2023 at 3:06 PM
The crux of a debate last year about the possibility of a 'soft landing' was whether or not job openings could rapidly decline without a resulting spike in job loss.
As of May 2023, job openings have declined 18% from their March 2022 peak.
And yet . . .
As of May 2023, job openings have declined 18% from their March 2022 peak.
And yet . . .
Tomorrow we'll receive data from the BLS on the level of job openings at the end of May.
Indeed data suggests that demand for new hires has declined since then, with the JPI down 2.8% since May 31st.
Indeed data suggests that demand for new hires has declined since then, with the JPI down 2.8% since May 31st.
July 5, 2023 at 3:04 PM
Tomorrow we'll receive data from the BLS on the level of job openings at the end of May.
Indeed data suggests that demand for new hires has declined since then, with the JPI down 2.8% since May 31st.
Indeed data suggests that demand for new hires has declined since then, with the JPI down 2.8% since May 31st.
Software development continues to be the poster-child for the slide in high-WFH, higher-wage sectors.
The level of job postings in this sector is down 19% from its pre-pandemic baseline. Remember, overall postings are up 27% from that same baseline date.
The level of job postings in this sector is down 19% from its pre-pandemic baseline. Remember, overall postings are up 27% from that same baseline date.
July 5, 2023 at 3:01 PM
Software development continues to be the poster-child for the slide in high-WFH, higher-wage sectors.
The level of job postings in this sector is down 19% from its pre-pandemic baseline. Remember, overall postings are up 27% from that same baseline date.
The level of job postings in this sector is down 19% from its pre-pandemic baseline. Remember, overall postings are up 27% from that same baseline date.
The pullback in postings has been most severe in occupational sectors most likely to advertise remote work.
Job postings in high-remote sectors are down 37% yoy, compared to 15% for mid-tier and 9.7% for low-remote sectors.
Job postings in high-remote sectors are down 37% yoy, compared to 15% for mid-tier and 9.7% for low-remote sectors.
July 5, 2023 at 2:59 PM
The pullback in postings has been most severe in occupational sectors most likely to advertise remote work.
Job postings in high-remote sectors are down 37% yoy, compared to 15% for mid-tier and 9.7% for low-remote sectors.
Job postings in high-remote sectors are down 37% yoy, compared to 15% for mid-tier and 9.7% for low-remote sectors.
The latest data from the Indeed Job Postings Index shows online job postings continuing to moderate.
Postings are down 17.4% from a year prior as of June 30, 2023. Yet the JPI is up 27% from its pre-pandemic baseline level.
Postings are down 17.4% from a year prior as of June 30, 2023. Yet the JPI is up 27% from its pre-pandemic baseline level.
July 5, 2023 at 2:56 PM
The latest data from the Indeed Job Postings Index shows online job postings continuing to moderate.
Postings are down 17.4% from a year prior as of June 30, 2023. Yet the JPI is up 27% from its pre-pandemic baseline level.
Postings are down 17.4% from a year prior as of June 30, 2023. Yet the JPI is up 27% from its pre-pandemic baseline level.