U.S. Labor Market – NFIB Small Business Job Openings Hard to Fill U.S. job openings rose to a two-year high. Will labor demand continue to heat up? Image: BofA Global Investment Strategy
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
U.S. Labor Market Recovery Chart suggesting that the U.S. labor market recovery is stalling. Image: Goldman Sachs Global Investment Research
U.S. Labor Market – Nonfarm Payrolls It could take many years for the U.S. labor market to recover. Image: Morgan Stanley Wealth Management