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. Core CPI and JOLTS Job Openings (Leading Indicator) JOLTS Job Openings tend to lead U.S. core CPI by 12 months. Image: BCA Research
U.S. Jobs – Initial and Continued Claims Initial and continued claims remain elevated, suggesting that the road to recovery is a long journey. Image: BofA Global Research
U.S. Jobs – Payroll Employment Lost and Regained The resurgence of the coronavirus pandemic has stalled the U.S. jobs recovery. Image: J.P. Morgan Asset Management
U.S. Job Posting Trend Index This chart highlights the impact of Covid-19 on the U.S. job posting trend. Image: BofA
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
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
Percent of Unemployed U.S. Workers that Expect to Return to Same Job Goldman Sachs expects that a quarter of temporary layoffs will become permanent. Image: Goldman Sachs Global Investment Research
Permanent Job Losers in the U.S. Permanent job losers continued to rise in June. Last time, it took three years for permanent job losses to peak. Image: Nordea and Macrobond
U.S. Job Losses – Payroll Trends by Wage Cohort Lower-wage workers in the United States have been hit harder by coronavirus job losses. Image: Morgan Stanley Research
Job Losses During Recessions in the U.S. The March-May job loss is two times larger than the total GFC job loss. On the positive side, U.S. job losses see revival in May. Image: Oxford Economics