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As of October 31, job postings had slumped to their lowest level since 2021, with year-over-year declines recorded in almost every sector tracked by Indeed. Year-over-year posted wage growth continued its downward trend, slowing to 2.5%. The regions most impacted by layoffs and the government shutdown lag behind less-impacted states.
Job postings continued to decline in October, reaching their lowest level since 2021 and sitting at just 1.7% above pre-pandemic levels as of October 31. This decline is widespread, with job postings in almost half (49%) of sectors sitting below their pre-pandemic baseline and all but