Cory Stahle

Economist at @indeed Hiring Lab

[Cory Stahle @CoryStahle]

@econhedge We typically publish updated data a week or two after the end of the month.

Keep an eye on this dashboard for November data (coming soon): https://t.co/pgUXBY7fva

[Cory Stahle @CoryStahle]

Continued cooling in wage growth data from the ECI this morning.

Year-over-year wage growth for private-sector workers is under 4% for the first time since 2021.

[Cory Stahle @CoryStahle]

Read my full take here: https://t.co/mqxlB3wcaw

[Cory Stahle @CoryStahle]

Today's JOLTS report was a glass half-empty vs. half-full report depending on which indicator you want to focus on.

Job postings down to 7.4m with 78% of the drop coming from southern states following Helene.

[Cory Stahle @CoryStahle]

The uptick in layoffs may trigger some concern for folks, but it's still low in full context.

[Cory Stahle @CoryStahle]

New @indeed research on pay transparency in job postings!

High-level takeaways:
- Transparency continues to grow, but the trend is slowing.
- State requirements still driving the growing trend.
- Transparency varies widely by sector.

Full report: https://t.co/DC5jIo2NcP

[Cory Stahle @CoryStahle]

Good jobs report!

Unemployment ticked down to 4.1%.

September jobs: +254,000
July & August: Revised up +72,000

That brings the three-month average to 186k. Slower than ~250k last year, but above the 166k pace in 2019.

Full reaction here:

https://t.co/29amYscnxa

[Cory Stahle @CoryStahle]

The fact that the hires rate was revised down -105k in July and keeps sliding is cause for concern, even given the historically low layoffs and uptick in openings.

[Cory Stahle @CoryStahle]

Job openings ticking up to 8 million is promising, but the long-term trend is still a cooling labor market. Especially when you look at continued moves down in hiring and quitting.

[Nick Bunker @nick_bunker]

Now available in the Indeed Hiring Lab data portal: posted wage growth data for select US occupational sectors

[Nick Bunker @nick_bunker]

🚨 📉 New from the Indeed Hiring Lab:

Employers are relaxing on the experience front, with fewer job postings listing specific experience requirements.

Another deep dive by @CoryStahle

[Nick Bunker @nick_bunker]

Interested in how AI & Generative AI are showing up in global labor markets?

Check out the Indeed Hiring Lab's AI Tracker data, now available on GitHub. We have series for the US, UK, DE, CA, and several others. https://t.co/BiX53fjinp

[Nick Bunker @nick_bunker]

Interesting divergence from recent trends in the labor force flows data.

The job-finding rate ticked up, while there was a surge in the share of employed workers moving into unemployment.

[Nick Bunker @nick_bunker]

New from Hiring Lab: @CallamPickering takes a look at what employers are searching for on Indeed in the 🇺🇸US, 🇦🇺 Australia, 🇬🇧 UK, & 🇬🇧 Canada.

Healthcare, sales, skilled trades, and hospitality pop up across countries, point toward common pain points.
https://t.co/KfW9QTVmNc

[Cory Stahle @CoryStahle]

For now, there is no sign of a reversal in trends, especially given that Indeed Wage Tracker and other government data have continued to show signs of slowing pay growth in recent quarters.

[Cory Stahle @CoryStahle]

ECI data comes in above expectations this morning, driven by a pick-up from last quarter. When you remove workers with more volatile pay (commissions, piece rates, etc...), there is still a clear year-over-year cooling trend.

[Cory Stahle @CoryStahle]

Great new tool for accessing Indeed Hiring Lab data!

[Nick Bunker @nick_bunker]

🚨 📊 Check out the new Indeed Hiring Lab data portal! 📊 🚨

Easy access to data from our Job Postings Index, Indeed Wage Tracker, and Remote/Hybrid Tracker

https://t.co/O28EsBMOrp

[Nick Bunker @nick_bunker]

🚨 📉 NEW: Indeed's US Labor Market Update for April 2024 from @allisonbegrace.

Overall posted wage growth is back to pre-pandemic levels, but close to half of sectors are still elevated including childcare https://t.co/BBG2PS6dH8