Tag Archives: US job openings

No sign of a let-up in the US business cycle as job openings continue to rise.We particularly like job openings data as an indicator for a turning point in the US macroeconomic cycle, even though this series has not much history (data start in December 2000), and in spite of its long lag to release (we just had data for August, i.e. it is more than two months old now).Still, job openings did a rather good job of indicating an inflexion point right before the global financial crisis: the US...

The positive job openings data in the US is a sign that the US economy continues to weather ongoing trade tensions.The latest job openings data release for June brought another positive signal for the longevity of the US business cycle, echoing other encouraging indicators from US data releases, including the July employment report (see our Flash Note and our ‘business cycle score’ derived from monthly payroll data). These data add further support for the continued strength of the US economy...

Growth in US jobs marches on: openings now exceed the numbers of unemployed.The US job market is going from strength to strength. The unemployment rate dropped to 3.8% in May, the lowest since April 2000. And another milestone has been reached as the number of job openings rose to 6.70 million in April, exceeding the number of unemployed people (6.1 million in May, 6.3 million in April)Job openings remain a good leading indicator for future US employment growth, and the ongoing momentum in...