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

Wealth Management

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

NDR’s Market Digest May 2024 publication titled “May 2024 - April showers bring May flowers?"

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.

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About Ned Davis Research
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Wealth Management