US government job openings are falling:
Government job openings dropped -51,000 in February, to 701,000, the 2nd-lowest since December 2020.
Since the 2022 peak, available vacancies in the government have dropped -524,000 and are now in-line with the pre-pandemic levels.
Furthermore, federal government job openings fell -3,000, to 89,000, the 2nd-lowest since the 2020 pandemic low.
This is also in-line with the lows recorded in 2017 and 2018.
Meanwhile, the government hiring rate stood at 1.4%, one of the lowest levels since mid-2020 and matching the 2016 and 2017 lows.
Government hiring is frozen.
Government job openings dropped -51,000 in February, to 701,000, the 2nd-lowest since December 2020.
Since the 2022 peak, available vacancies in the government have dropped -524,000 and are now in-line with the pre-pandemic levels.
Furthermore, federal government job openings fell -3,000, to 89,000, the 2nd-lowest since the 2020 pandemic low.
This is also in-line with the lows recorded in 2017 and 2018.
Meanwhile, the government hiring rate stood at 1.4%, one of the lowest levels since mid-2020 and matching the 2016 and 2017 lows.
Government hiring is frozen.
Forward-looking data points to a further increase in US unemployment:
The gap between consumers saying jobs are "plentiful" versus "hard to find" is down to just 5.8 points in March, the lowest since the 2020 pandemic.
This comes as just 27.3% of consumers say jobs are “plentiful," down from ~55.0% in 2022.
At the same time, 21.5% say jobs are "hard to find," up from ~10.0% over the same period.
Historically, this measure has been one of the most reliable leading indicators of rising unemployment.
Furthermore, current levels in this indicator have only been seen prior to or during a US recession since the 1990s.
The job market is set for even more weakness.
The gap between consumers saying jobs are "plentiful" versus "hard to find" is down to just 5.8 points in March, the lowest since the 2020 pandemic.
This comes as just 27.3% of consumers say jobs are “plentiful," down from ~55.0% in 2022.
At the same time, 21.5% say jobs are "hard to find," up from ~10.0% over the same period.
Historically, this measure has been one of the most reliable leading indicators of rising unemployment.
Furthermore, current levels in this indicator have only been seen prior to or during a US recession since the 1990s.
The job market is set for even more weakness.
BREAKING: 50% of Iran's missile launchers and thousands of attack drones remain intact and in Iran's arsenal despite daily US-Israeli strikes, per CNN.
US intelligence also shows a "large percentage" of Iran’s coastal defense cruise missiles intact, allowing them to keep the Strait of Hormuz closed.
US intelligence also shows a "large percentage" of Iran’s coastal defense cruise missiles intact, allowing them to keep the Strait of Hormuz closed.
JUST IN: Binance founder CZ is set to launch his book "Freedom of Money" next week.
JUST IN: WBTC has been added as collateral on SparkLend on TRON, expanding Bitcoin liquidity, market depth, and stablecoin borrowing in DeFi.
In 2010, Satoshi Nakamoto gave his response to a question about Bitcoin and the rise of quantum computing
“we can still transition to something stronger”
“we can still transition to something stronger”
JUST IN: Franklin Templeton agrees to buy crypto spinoff in digital-asset expansion.
JUST IN: Ethereum activity nears all time highs with 788K active addresses and 255K new addresses daily.
Midnight - The Privacy Layer
Blockchains are either fully public where everything is visible or fully private, which doesn’t work well with regulations.
Midnight solves this by letting users and developers choose what data stays private and what can be shared when needed
Blockchains are either fully public where everything is visible or fully private, which doesn’t work well with regulations.
Midnight solves this by letting users and developers choose what data stays private and what can be shared when needed
JUST IN: TELEGRAM INTEGRATES LIGHTER INTO ITS PLATFORM, LETTING USERS TRADE PERPETUALS IN APP
JUST IN: The US Department of the Treasury has completed a $15 billion debt buyback.
JUST IN: Polymarket taps Pyth Network to resolve new US equity and commodity markets, per report.
JUST IN: The supply of non-USD stablecoins hit $1.1 billion in February, with an estimated 1.2 million holding addresses
UPDATE: Arthur Hayes questions whether native multisig on Solana could have prevented the Drift hack.
JUST IN: THE CTFC AND DOJ FILE LAWSUIT AGAINST THE STATE OF ILLINOIS, ITS GOVERNOR, AND ATTORNEY GENERAL FOR TRYING TO REGULATE PREDICTION MARKETS, SAYING THEY HAVE NO AUTHORITY