As the month of May comes to a close it becomes clear that labor demand is already leveling off for the season. Employers posted only 0.9% more job openings in May as compared to April. With the onset of the summer the job market is likely to decline before getting a second possible chance for growth in the fall.
What we are seeing is a repeat of 2011 where a very similar pattern in labor demand emerged. The lingering economic issues in Europe as…
ContinueAdded by Henning Seip on May 30, 2012 at 8:35am — 6 Comments
The job market made a significant push in April. The average daily number of posted job openings grew 7.1%, a rate last seen in April 2010. The job market made up for the slow growth in March when employers barely increased their labor demand. Nevertheless, the current need for more labor has not yet reached last years peak. We will learn over the next 30 days whether employers remain optimistic and continue to post more openings. In order to exceed last years peak the current job…
ContinueAdded by Henning Seip on May 1, 2012 at 9:50am — 5 Comments
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