May 2025 US Labor Market Update: What Indeed’s Data Reveals About the Early Impact of Changing Policies on the Job Market

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Key Points:

Scientific research & development job postings have dropped by 18% since January 20, likely a result of cuts to federal spending and contracts.  Job postings in the city of Washington, D.C., have fallen by 17% over the same period, driven by declines in postings for administrative assistance, HR, and accounting.  US construction, manufacturing, and hospitality postings have been relatively flat amid shifts in immigration and trade policy. 

Our monthly Labor Market Update examines important trends using Indeed and other labor market data. Our US Labor Market Overview Chartbook provides a more comprehensive view of the US

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