According to data, the number of applications per job ad increased by roughly 40% from a year ago in the second quarter.
The number of applications per job posting surged by around 40% from a year ago on employment platform ZipRecruiter in the second quarter, said the company’s chief economist Julia Pollak. Yet, despite the cooling, the share of openings is relatively high compared with before the pandemic, noted economist Jadrian Wooten of jobs platform Monster.“At this very moment, we’re kind of exactly at the midpoint threshold,” Pollak told AFP.
As it takes time for policy changes to affect the economy, companies and analysts flag uncertainty in the outlook. Supervisors are pushing for staff to take fuller lunch breaks, she said, requiring them to clock out from their shift and eating into hourly pay.