Indeed job postings index

Daily, sector-decomposable. Indeed copyright, pre-approval required.

Latest reading

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licensed: not shown on the public site.

Signal

+0.41

Inside the normal range. Not a strong reading either way.

Use: In model: block 2 score
Model input: % change from a year earlier
Direction: A falling value raises recession risk.

Where it fits

Labor Market: Detect the income-to-consumption feedback loop that turns a slowdown into a recession. The model averages the standardised signals in each block into a block score, then combines the twelve block scores in a probit. Today the 12-block model reads 1.6%.

Other signals in this block

Nonfarm payrolls
Household survey employment
Unemployment rate
U-6 underemployment rate
Sahm Rule (real-time)
Michaillat-Saez rule
Richmond Fed SOS indicator
Initial jobless claims, 4-week average
Continuing claims
Insured unemployment rate
Average weekly hours, manufacturing
Average weekly hours, all private