U.S. Labor Market – NFIB Small Business Job Openings Hard to Fill U.S. job openings rose to a two-year high, as small businesses report difficulty filling jobs. Image: BofA Global Investment Strategy
U.S. Labor Force Participation Rate The U.S. labor force participation rate is low amid the coronavirus pandemic and could be a serious obstacle to the economic recovery. Image: Real Investment Advice
Change in Permanent Employment as % of the Labor Force Permanent unemployment is worse than the last two recessions. Image: BofA Research Investment Committee
U.S. Labor Market – Continuing Claims for Unemployment Continuing claims declined for the sixth straight week, but the U.S. job market remains fragile. Image: Oxford Economics
U.S. Labor Market – Initial Jobless Claims The four-week moving average of jobless claims ticked higher, suggesting that the road to recovery is a long journey. Image: J.P. Morgan Asset Management
Credit Spreads and U.S. Labor Market Despite the Fed’s support, credit spreads remain above their pre-COVID-19 levels and may be taking a cue from the U.S. labor market. Image: Morgan Stanley Wealth Management
U.S. Labor Market – Number of Jobs Lost U.S. workers face permanent job losses as the coronavirus pandemic persists. Image: Morgan Stanley Wealth Management
U.S. Labor Market – Initial and Continued Claims U.S. unemployment claims remain historically high, as recovery in U.S. labor market slows Image: BofA
KC Fed Labor Market Conditions Index and Recessions The KC Fed Labor Market Conditions Index is positive. Labor market conditions remain above their long-run average. Historically, a negative value is a necessary, but not sufficient requirement for recessions: it means that labor market conditions are below their long-run average.
U.S. Labor Market Distributions Spider Chart The U.S. labor market distributions spider chart shows broad labor market developments. Image: Federal Reserve Bank of Atlanta