A Slowdown in Job Vacancies Is Likely to Coincide with Higher Unemployment and Slower Wage Growth

Huixin Bi, Chaitri Gulati and Jose Mustre-del-Rio

Economic Bulletin, 2022, issue August 10, 2022, 4

Abstract: Recently, some market observers have proposed that job vacancies could decline, and ease wage growth, without a commensurate increase in the unemployment rate. However, we find that the typical relationship of declining job vacancies and higher unemployment holds even at exceptionally low levels of the unemployment rate. A notable decline in job postings will likely coincide with an easing of tightness in the labor market, a higher unemployment rate, and slowing wage growth.

Keywords: Jobs; Labor market; Unemployment (search for similar items in EconPapers)
JEL-codes: J62 J63 J64 (search for similar items in EconPapers)
Date: 2022
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