Revealera Macro - What Job Openings Are Saying About The Economy & Various Sectors

We at Revealera provide our hedge fund and asset manager clients data on job postings and SaaS (as well as non-SaaS products) product adoption. Job postings can say a lot about the state of the economy and can also be a leading indicator to employment based metrics. 

In this article, we look at global job opening trends as well as at job openings for certain sectors to analyze what this data is saying about the economy.

The above chart shows job openings in the US to date. The job postings, although lower than the early 2022 peak, are elevated relative to late 2020, early 2021. This shows that despite all the layoffs job postings and hence demand for employment, unfilled positions, continue to be strong. Taking this a step further let's see, let's look at a couple of sectors. 

The above chart shows job postings for the Technology sector. Clearly this looks very different from the US job postings and shows that the layoffs in Tech have had an effect.

Compare the Technology sector chart with this one, which shows the openings in the Energy sector. This still shows elevated job postings. Hardly a dent has been made in sectors such as Energy and Real Estate.

What this tells us is that despite the layoffs, certain sectors of the economy continue to have strong labor demand and hence keep the economy buoyed. It would do well for those trying to time a recession to keep a close watch on these job openings for various sectors. 

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-Revealera Team