Labor market differential drops to lowest level since March 2021

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Job Market News

Julie Hyman

The labor market differential, which is the difference between the share of consumers who view jobs as “plentiful” compared to those who view jobs as “hard...

The labor market differential, which is the difference between the share of consumers who view jobs as “plentiful” compared to those who view jobs as “hard to get,” fell to its lowest reading since March 2021. Asking for a Trend hosttakes a look at the data and what it signals about the labor market, or at least people's perception of it.The number of consumers who view jobs as hard to get is growing, and the number of consumers view jobs as plentiful is shrinking.

You also saw the Metro go into the negative during the financial crisis, and that recession it didn't go negative, sort of until the end of the one into two recession, so it's not necessarily a recession indicator here. Well, we had this moment where, you know, a year or so ago we were looking at, you know, two jobs for every person looking right.And I think that's one of the things that's allowing the Fed to do some of the movement that they're doing because then they they don't want to get in this.So as you know, certain markets are saying jobs aren't quite as plentiful as they were, Uh, and you know, it's a little bit harder.NextGen Food Robotics Corp.

 

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