Job Postings Decline Signals Slowing Labor Market
• Total job postings on Indeed down over 15% compared to start of 2023, pointing to potential labor market slowdown • New job postings on Indeed down 13.5% year-over-year • LinkedIn data shows drop-off in hiring between late 2022 and late 2023 • Employers less willing to offer remote work as competition for jobs increases • High-profile tech companies like Google, Amazon, and Citigroup announcing layoffs in 2023