LinkUp’s US job data anticipated the employment upturn – and now show a shakier trend

We’ve added LinkUp data tracking job openings in over 200 countries to CEIC. This year, LinkUp provided an early indicator of surprisingly good US jobs data – and it’s now flashing warning signs.

The Bureau of Labor Statistics’ #JOLTS report is a deep assessment of the employment market and is reported with a considerable time lag. It most recently showed a continued pickup in job openings in May, building on April strength.

LinkUp’s active job opening data had been predicting this acceleration since March. It’s now providing signs that hiring has cooled: its net new job postings metric – which subtracts ads that were removed, is adjusted for the number of companies counted, and was released well before non-farm payrolls – fell sharply in the final week of June.