Fed Mission Accomplished: Real-Time Indicators Show The Labor Market Just Cratered (million, job)

[Oklazona Bound]

New Job postings dropped by 2 million in April. Indicating the labor market is falling quickly.

Fed Mission Accomplished: Real-Time Indicators Show The Labor Market Just Cratered

So here is the big news: in April, new job postings fell by 2.0M to 6.6M according to Revelio’s data. This is a huge deal as it represents the largest monthly drop in the available history going back to May 2019!
Furthermore, the decline was broad-based with 146 of the 147 industries - virtually everyone - reported by Revelio recording a sequential decline in new postings. Moreover, the share of industries with a Y/Y decline in new postings rose to 22.5%, highest since last Feb

[James Bond 007]

This is a huge deal as it represents the largest monthly drop in the available history going back to May 2019!

Three years?

[Oklazona Bound]

Originally Posted by James Bond 007

Three years?

Don't worry. Nothing to see here, move along!