This chart shows the rate of monthly Job Openings, in relation to the S&P 500. Note the stalling of the rate of change in Job Openings before the market top. Job Openings data may lead New Jobs data. New Jobs data releases are highly-anticipated, and tend to move the stock market greatly. So, Job Openings data may be useful in forecasting business conditions going forward. This data set has a limited history, but still shows interesting trends. Note that Job Openings started to slow long before the last recession. Job Openings appear to be slowing again here at the end of 2013, with the market at all-time highs.
** Job Openings Survey data only exist since 2001. We estimate Job Openings from old data sets prior to 1981. No data found for 1982-2000.
Job Openings vs. S&P 500 Chart
( HINT: Click-and-drag left-to-right on a chart to zoom in to a specific date range. Double-click on a chart to zoom back out. )