Weekly Viz 2024-11-04
US Job Openings 2019-2024
I was browsing the “The Economics Daily” from U.S. Bureau of Labor Statistics this week, and saw this recent article on how the job openings in the US has been down 1.9m over the year ending Sep 2024. The chart it provided is pretty compelling with monthly job openings, hires, and separations. Therefore, I decided to recreate a similar visualization myself this week.
My Visualization
This visualization consists of three line charts for each metric – job openings in solid black line, hires in blue dotted line and separations in red dotted line. The shaded area represents a recession as determined by the National Bureau of Economic Research.
Please notice that all the visualizations are designed for desktop view, so it is recommended to view them on a desktop device.
Insights
- Despite a spike during the short recession in early 2020, seperations level has been relatively stable and trending a bit lower since 2022;
- Hires level and Separations level seem to follow each other closely after the recession;
- On the other hand, job openings level has been decreasing from its peak of 12.2M in Mar 2022 to 7.4M in Sep 2024 (40% lower).
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