Job openings fell -2.5% in Nov as the pandemic taps the brakes on hiring.

Job openings are still -10% vs. pre-crisis levels & the surging pandemic threatens further backsliding over the winter.

Latest @Glassdoor Job Market Report: glassdoor.com/research/job-m…

1/
38% of employers reduced job openings in Nov, up from 33% in Oct & the largest share since April.

Similarly, only 30% of employers increased hiring, the smallest share since May.

2/
The decline in job openings is unusually geographically dispersed:
-Plains states like South Dakota & Kansas that held up well earlier are now seeing large downturns
-42 states + DC saw MoM drops—the most uniform decline since May.

3/
Similarly, almost every major industry group saw job openings decline in November. Healthcare was the sole exception as healthcare providers ramped up hiring to combat the third wave of the pandemic.

4/
As we wait on Fri's #JobsReport, the latest data showing job openings rolling over is a reminder that even though the vaccine is a light at the end of the tunnel, there's still plenty of time for more economic damage to accumulate before it gets here.

5/5

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More from @DanielBZhao

10 Nov
Job openings rose 1% in Sept to 6.4 million, according to #JOLTS.

This bump leaves us 9% down YoY w/ 1.95 unemployed Americans per job opening.

Open jobs have rebounded faster than after the GR, but have lost momentum in recent months.

Release: bls.gov/news.release/j…

1/ Image
The Jul surge in job openings in #JOLTS was unusually large. By contrast, @Glassdoor data has shown steadier progress since Jun.

Early data from @Glassdoor also anticipates continued progress in Oct.

2/ ImageImage
Part of the reason for the Jul surge and subsequent softness is bc of the 2020 Census delays which have shifted temp Census worker job openings to Jul instead of Apr.

This month's report confirms that the temporary effect has now largely waned.

#JOLTS 3/ Image
Read 5 tweets
6 Jul
In the last 2 weeks, Arkansas & Missouri have reestablished work search requirements for people seeking #unemployment benefits, previously waived bc of COVID-19, even as new cases start to rise.

AK: dws.arkansas.gov/src/files/Work…
MO: labor.mo.gov/news/press-rel…
Incidentally, anybody know if there's a state-by-state list of work search requirement waivers and their start/end times?
I guess I'll just start compiling a list as I come across them:

Nebraska today announced they're reimposing work search reqs beginning the week of July 12: dol.nebraska.gov/PressRelease/D…

Colorado has had them reimposed since ~Jun 11 (exact timing unclear): colorado.gov/pacific/cdle/n…
Read 7 tweets

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