Q4 2024 Economic Indicator Report

This downturn follows a slight increase in Q3 and signals a broader market cooldown. The decline likely reflects corporate caution amid shifting economic conditions, with businesses reassessing workforce needs.

New job postings saw a sharp decline of 14.2%, reversing the modest gains from the previous quarter, and jobs that were removed from company career pages fell by 6.5%. The job duration, which represents the average time to fill a job, increased slightly, rising 1.8% to 41.8 days. This trend suggests that while fewer jobs were posted and removed, those that remained open took longer to fill, potentially reflecting shifts in employer hiring strategies or increased candidate scrutiny.