Highly Uncertain Employment Outlook in Key Industries After the Russian Invasion of Ukraine
NEW YORK, Oct. 6, 2022 /PRNewswire-PRWeb/ -- Since the start of the Russian invasion of Ukraine, the number of unique job listings in the U.S. has receded sharply by 7.9%.
- The Bureau of Labor Statistics indicates that the labor market has not yet fully caught this declining trend ( source ).
- In August, unemployment rose by 0.2 percentage points to 3.7 percent, and the number of unemployed persons increased by 344,000 to 6.0 million.
- Note that it is not surprising that there is a lag between the number of available job postings and the unemployment rate.
- This analysis was performed using dataset (2) of 5 million U.S. job listings deduplicated by application URL.