Based on LinkUp’s data, we're forecasting a net gain of 35,000 jobs in March - slightly below consensus estimates of 65,000 jobs. #NFP
https://t.co/Ud0A0HkF5j
"Not counting healthcare and social assistance jobs, private sector job growth was effectively zero this past year. And even those miserable numbers will likely get revised downward in future BLS releases."
-Toby Dayton, LinkUp CEO
"On the jobs front, things couldn’t be uglier. Excluding the pandemic, the 584,000 jobs gained to date in Trump’s economy were the worst since 2009 in the depths of the financial crisis."
-Toby Dayton, LinkUp CEO
Substack in comments
"Over the past 3 previous Thanksgiving weeks since 2022, the average decline was 3.7%, so this year’s drop, while expected, is nonetheless quite a bit larger than history would suggest." 📉
https://t.co/7IzrPMjfhz
#jobmarket#data
BLS didn't release their official September JOLTS report, but we're still on it! Our #JOLTS forecast for October is 7.13M open jobs. A 0.9% decrease in job openings from our forecasted September number of 7.19M.
https://t.co/shAefLOhnc
Last week, active U.S. job postings from global company & employer websites decreased by 1.1%, continuing a five-week downward trend. Since the election, US labor demand has declined 15%.
https://t.co/SY6WBlxjaq
What if you could see labor data before BLS revises it away?
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https://t.co/bpPNtrh0fV
What happened in Q3?
-Active jobs declined 1.8%
-Average time to hire increased 5.38%
-LU 10k held flat around 4.0M
Industries that saw the largest drop in labor demand in Q3?
-Public Administration (-18.1%)
-Management of Companies and Enterprises (-12.6%)
-Information (-6.8%)
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LinkUp just forecasted that the U.S. economy lost 5,000 jobs in October. https://t.co/7NoCU5a48h
With the BLS #NFP numbers currently unavailable, folks are scrambling for timely, accurate labor demand signals. Let's talk to see how we can help you and your team.
While AI models are automating entry-level jobs, the companies developing these models are expanding. LinkUp data shows both #OpenAI and #Anthropic boosting sales hiring as the AI market pivots from research novelty to enterprise necessity.