Job Openings vs Unemployment Looks Very Much Like a Recession Has Begun
Job openings have plunged from a peak of 12.2 million in March of 2022 to 8.1 million in April of 2024. Openings data is current through April. Unemployment is up from 5.7 million in December of 2022 to 6.5 million in April of 2024. The May unemployment level is 6.6 million