NDR: Market Digest, May 2024 - Job openings & unemployment trends face a decline

The peak of the private sector job openings-to-unemployed ratio in March 2022 has now tapered off across various industries. Sectors such as construction, retail trade, and transportation are experiencing ratios below 1.0, indicating a surplus of job seekers compared to available positions.

On the contrary, industries like health care, social assistance, professional and business services, financial activities, and wholesale trade continue to show stronger demand, with ratios surpassing that of the total private sector.

Thank you for your interest in this snippet from NDR’s Market Digest May 2024 publication titled “May 2024 - April showers bring May flowers?” You may download a complimentary copy of this timely, monthly macroeconomic research report for wealth professionals by clicking here.

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About Ned Davis Research
Ned Davis Research (NDR) is a global provider of independent investment research, solutions and tools. Founded in 1980, NDR helps clients around the world make objective investment decisions. Our experienced strategists and analysts use fundamental and technical research with models, charts, indicators and weight-of-the-evidence methodology to help clients see the signals and invest with confidence. NDR is headquartered in Sarasota, Florida, with offices in New York, London, and Hong Kong.