by Michael Snyder, The Economic Collapse Blog:
The number of job openings in the United States has been “falling off a cliff”, and that is a major red flag. The last four years have been an economic nightmare for most Americans, and that is one of the primary reasons why Donald Trump won the election. But as we approach 2025, things are starting to get frighteningly bad. When the number of job openings in the U.S. drops by 2 million or more, that normally signals that we are either in a recession or that one is about to happen. Well, as you can see from this chart that was posted by Bravos Research on Twitter, we are witnessing a collapse in job openings that is absolutely unprecedented…
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I was floored when I saw that chart.
I knew that job openings were falling, but I didn’t know that things had gotten this bad.
Not too long ago, there were about 12 million job openings in the United States. Unfortunately, here in the second half of 2024 that figure has fallen below 8 million…
There were an estimated 7.4 million unfilled jobs on the last day of September, a drop from August’s revised tally of 7.86 million openings, according to new data released Tuesday by the Bureau of Labor Statistics. The largest drop-offs in openings were in industries that have driven much of the job growth in recent years: health care and social assistance, and government, according to the report.
Meanwhile, major employers continue to shed workers all over the nation.
For example, the U.S. lost a total of 78,000 manufacturing jobs during a recent three month period…
The manufacturing sector continued to shed jobs in October, bringing its tally of job losses to 78,000 over the past three months.
The Labor Department’s Bureau of Labor Statistics on Friday released its jobs report for October, which found that the manufacturing sector lost 46,000 jobs last month, according to the agency’s preliminary analysis.
That followed a loss of 6,000 jobs in September, which is also a preliminary figure, as well as a decline of 26,000 jobs in August.
Every day, there are more layoff announcements in the news, and the number of people filing initial claims for unemployment benefits increased much more than experts were projecting last week…
The number of Americans filing for jobless benefits for the first time jumped significantly last week (from 225k to 242k – well above expectations of 220k) – the highest since the first week of October.
On an un-adjusted basis, claims exploded higher (highest since January)…
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