Long-Robust U.S. Labor Market Shows Signs of Cooling

Demand for U.S. workers shows signs of slowing, a long-anticipated development that is showing up in private-sector job postings even while official government reports indicate the labor market keeps running hot.

ZipRecruiter Inc. and Recruit Holdings Co. , two large online recruiting companies, say their data show the number of job postings is declining more than Labor Department reports of job openings. Investors recently hammered shares of those companies after disappointing earnings reports.

Softer hiring environment for the remainder 2023 as sponsored jobs in portals see a decreasing trend. Employers not spending to hire compared to past period.

Great, an overzealous Fed trying to overcompensate for past mistakes, utilizing inaccurate government data. Give it a minute. Hundreds of thousands of tech, banking, etc, layoffs. But hey, Taco Bell is hiring and min wage it up a couple bucks, so keep hawking. federalreserve

Government data off base. Shocking.

First the jobs WITHOUT worker/incumbents go away. Next will the jobs WITH worker/incumbents. I t looks like the Fed is finally affecting the employment environment. Winter is coming — maybe by mid-Summer.

Well, duh. Biden’s America!

Wonder if it has anything to do with all the multinational laying off everyone

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