Sinem Buber

The surge in job openings in today's #JOLTS report stands in stark contrast to other leading indicators of labor market activity—and even to the more concrete measures in the JOLTS report itself, like hires. Job openings overstate current labor market tightness.

Job switchers are still getting large pay raises. In fact, those surveyed by @ZipRecruiter in 2022 Q4 received larger pay increases than those surveyed in 2022 Q1. See reporting by @katiadmi bloomberg.com/news/articles/… via @economics

Layoffs & cost-cutting have changed the hiring climate in tech. And yet, most laid off-tech workers who dive straight into job search are finding reemployment quickly—many within tech, despite the increased relative attractiveness of outside opportunities wsj.com/articles/laid-…

We hear this from so many companies. Their own sales are soaring so they’re having to hire like mad, but at the same time they feel pressure to develop downsizing plans to prepare for the recession they’re told is just around the corner

Some eye-popping stats from today's JOLTS report: 1. Job openings surged 20% to a new record high in major enterprises (5,000+ employees). The pandemic boosted big businesses, and finished off lots of small businesses that couldn't outlast the shutdowns or compete for talent.

The pandemic recession jobs recovery has been remarkably encouraging, but older workers have been left out. Labor force participation rates are... ⬆️ 1.8 ppt for workers w/ disabilities ⬆️ 1.5 ppt for prime-age black men ⬆️ 1.1 ppt for teens BUT ⬇️ 2.4 ppt for workers 65+

Today's #JobsReport suggests that workers are coming back to the labor force, but teachers still aren't coming back to public schools. It's back to school season for the kids, but sadly not the staff.

I’m proud to announce that @ZipRecruiter has joined President Biden’s call to action to address the teacher and school staff shortage with the launch of schooljobsnearme.org - businesswire.com/news/home/2022…

If monthly inflation stays flat at 0% each month for the rest of the year, we'll end the year with an annual inflation rate of 6.8%. If wage growth continues to rise above the current Atlanta Fed Wage Tracker print of 6.7%, workers *could* just maybe see real wage growth in 2022!

3. Large companies with 1,000–4,999 employees have already dialed back hiring, registering a 27% drop in new hires. Companies in that class have been some of the most heavily affected by the recent stock market rout and are hardening themselves against the risk of a recession.✂️

Takeaways from today's #JOLTS report: 1. The labor market remained remarkably resilient in June with extremely high hires & quits, and extremely low layoffs. 2. Declining job openings point to slackening labor market conditions, with hires & turnover soon ticking ⬇️

New college grads underestimate starting salaries by $10,000. Here's how to know your worth, according to career experts #investinyou (In partnership with @acorns.) cnb.cx/3AckC0K

@Malinskid @ZipRecruiter Thank you very much for this great article, @Malinskid

“This is exactly what the Fed should want to see,” @ZipRecruiter Chief Economist @juliaonjobs says on the May jobs report data. “They’ll be able to continue whacking inflation without pushing us into a recession.”

🧵@ZipRecruiter conducts a nationally representative monthly Job Seeker Confidence survey that tracks the attitudes and expectations of U.S. job seekers. Here are some stats from the May survey that stood out to me: ziprecruiter.com/job-seeker-con…

🧑‍🎓The Class of 2022: The Job Market Outlook for Grads Highlights from our inaugural report… 🎓 More jobs, lower barriers to entry 🎓 Less competition, except for internships & WFH roles 🎓 First-time hires want good pay + growth opportunities bit.ly/3LUGtMm

🤔 Where are the best and worst cities to start your career? Learn where to find the hottest job markets (and which you should avoid), during tomorrow’s ZipOnomics chat with @juliaonjobs and @SinemBuber1. twitter.com/i/spaces/1nAKE…

🔥 In this hot job market, opportunities could be anywhere Find out which are the best/worst cities and states to land a job during our ZipOnomics chat this Friday with our Chief Economist @juliaonjobs and Lead Economist @SinemBuber1. Set a reminder ⬇️ twitter.com/i/spaces/1nAKE…