Know The Difference Minute

ZipRecruiter and Indeed are reporting postings on their sites declined at the end of last year and into this year. 

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What the story with jobs?
Welcome to the Know the Difference Minute for Thursday, March 2nd.
The labor market is running hot. Record low unemployment. 11 million open jobs. Postings with ‘urgently hiring’ language.
But are we seeing early signs of a reversal? Is demand for US workers slowing down? ZipRecruiter and Indeed are reporting postings on their sites declining at the end of last year---and into this year.
Jobs are one of the reasons the Fed believes the economy is overheated. If future government reports start to match private recruiters, the Fed will feel less pressure to move aggressively on rates.
Next week brings government data on January job openings and February payrolls, both expected to still be high. But government numbers lag by about a month. And, the Labor Department estimates aren’t as reliable as the past as fewer companies are choosing to skip the survey.
I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.