Growth in job postings has slowed in the tech and hospitality sectors
Growth in job postings has slowed in the tech and hospitality sectors, according to Indeed data reviewed by Bloomberg.
Why it matters: The decline in job postings suggests that companies may be reconsidering hiring for new positions in fears of a potential recession, Bloomberg writes.
The big picture: Those fears have recently rocked the stock market, with the S&P on track for the worst first-half performance since 1962.
- Despite those fears, 50% of CEOs polled by the Business Roundtable in a survey earlier this month said they are planning to increase employment levels in the next six months, down from 68% last quarter.
Yes, but: Though the pace of job postings in the hospitality sector has slowed, they’re still above pre-pandemic levels.
- Job openings were also near all-time highs and managers laid off the fewest employees on record in April.