Job Openings and Layoffs Normalize as Labor Demand Cools
Julia Pollak Julia Pollak

Job Openings and Layoffs Normalize as Labor Demand Cools

Job openings reported today by the U.S. Bureau of Labor Statistics fell approximately 4% in March, following the trend seen in online job postings. Meanwhile, layoffs and discharges rose 16%, nearing pre-pandemic levels. Both shifts show that demand for labor is cooling overall.

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Inflation Moderates Further, CPI Shows
Sinem Buber Sinem Buber

Inflation Moderates Further, CPI Shows

Today’s CPI report shows that the strict monetary policy is working. The topline inflation rate slowed down to 5.0% over the year, and 4.0% on a 3-month annualized basis. This was the smallest 12-month increase since the period ending May 2021, while the super core services inflation that sets the tone for the Fed decelerated slightly in March.

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Inflation Comes in Hot, Putting the Fed in a Tough Spot
Sinem Buber Sinem Buber

Inflation Comes in Hot, Putting the Fed in a Tough Spot

Despite overall inflation decelerating over the month, both core inflation and super core inflation—core services excluding shelter—accelerated in February. Today’s CPI report indicates that the inflation rate may take longer to reach the 2% target than markets were anticipating.

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January JOLTS Report Points to a Cooling Labor Market
Julia Pollak Julia Pollak

January JOLTS Report Points to a Cooling Labor Market

Job openings reported by the U.S. Bureau of Labor Statistics were revised upwards for December and remained sky-high in January, even as survey data on business hiring plans and active online job postings pointed to declining demand for labor.

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Candidate Ghosting and Job Seeker Confidence
Sinem Buber Sinem Buber

Candidate Ghosting and Job Seeker Confidence

Candidate ghosting—that is, the practice of candidates cutting off communications with a potential employer at any stage in the recruiting process—peaked in May, according to self-reported behavior in the ZipRecruiter monthly Job Seeker Confidence survey.

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