BREAKING: US job postings on Indeed fell -3.5% YoY in the week ending July 10th, to near the lowest this year.
Postings have declined -37.2% since April 2022 and are now down to February 2021 levels.
The number of available vacancies in the US is now only +1.0% above pre-pandemic levels recorded in February 2020.
Furthermore, new job postings on Indeed dropped -10.9% YoY, to the lowest since early January, continuing their over 4-year decline.
As a result, new job postings are now -3.5% below February 2020 levels.
This all suggests a further deterioration in official BLS job openings data for June and July.
The US labor market is losing momentum.
$100 oil is back.
Brent crude oil prices are now officially trading above $100/barrel up +42% in 20 days.
Inflation expectations and interest rates are rising sharply again.
Larry Sabato’s Crystal Ball ratings’ change
🟥Florida Governor: Safe R —>Likely R
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🟦Michigan Governor: Toss-up —>Leans D
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🟦New Mexico: Likely D—>Safe D
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