What does the Bureau of Labor Statistics mean by "little changed"?

Jan 3, 2024
A more stable, less swingy labor market, as reflected in the latest JOLTS data, is usually good news.
After a period of volatility, the BLS has described trends in recent JOLTS reports as little changed, reflecting a return to pre-pandemic conditions in the labor market.
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Temp jobs have been disappearing. That's actually good news for workers and companies.

Jan 2, 2024
Workers prefer the stability of permanent jobs, and permanent workers tend to be more productive.
The temporary employment sector has weakened as demand softened and many temps became permanent.
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How did seasonal hiring pan out?

Dec 25, 2023
Holiday shopping was up — but seasonal hiring was cautious and often depended on the size of the business.
Holiday hiring in transportation and warehousing, mostly for e-commerce, fell about 20%.
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Holiday season hiring slows down

Dec 8, 2023
Retail hiring for the holiday shopping period is roughly flat, while transportation and warehousing are down from last year.
Well 80 Brewhouse in Olympia, Washington. Owner Chris Knudson says business is down slightly from last year and it's not as hard to find workers to cover shifts when the restaurant's busy.
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ChatGPT makes job applications a breeze — that's the challenge

Nov 28, 2023
The AI chatbot makes it easy to send out multitudes of resumes. The tsunami makes it hard for employers to sort through candidates.
ChatGPT can help people apply to multitudes of jobs by tailoring resumes to meet the requirements of each role.
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New unemployment claims creep up as hiring slows

Nov 16, 2023
Six months of incremental softening of the job market has firmed up to something tangible: the number of people continuing to file for unemployment was the highest it’s been in almost two years.
Slowed hiring could be an indicator that the jobs market is mellowing out after wild swings during the first few years of the pandemic.
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End to some pandemic-era child care subsidies could make hiring harder

Nov 6, 2023
Many child care providers used the funds to pay their staff. Now that the money is gone, it could affect providers’ ability to recruit and retain workers.
More than $37 billion in pandemic relief funds were awarded to hundreds of thousands of child care providers across the nation.
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For public good, not for profit.

In tight labor market, businesses practice "strategic retention"

Oct 26, 2023
Economists at the Dallas Fed reported some evidence of “labor hoarding” in the latest Beige Book.
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Small businesses are still struggling to hire. But the situation's improving.

Sep 1, 2023
The good news: The lowest proportion of small businesses since March 2021 reported having trouble hiring. The bad news: It's still 40%.
Forty percent of small businesses reported having trouble filling job openings last month.
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It's a slow summer... for job cuts

Aug 4, 2023
People are scanning today's jobs report for signs of slower job creation and greater wage gains — as unemployment claims hover near pre-pandemic lows, and companies announce fewer layoffs.
“We’re seeing a lot of those individuals being picked up fairly quickly in medium-sized companies," said Jim McCoy with ManpowerGroup
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