Q1 2025 Economic Indicator Report

Optimism yielded to uncertainty as labor market volatility looms.

The number of active job listings rose slightly by 0.4% to 7.31 million in Q1 2025, following a steep 8.3% decline in Q4. While modest, this uptick may reflect early stabilization efforts as firms cautiously resumed hiring after year-end slowdowns. However, the increase remains well below pre-Q4 levels, indicating that many employers are still navigating uncertainty amid geopolitical tensions and evolving trade policy risks. New job postings increased by 6.7%, partially rebounding from the sharp 14.2% drop in Q4, while jobs removed from company career pages rose by 3.3%.

U.S. Job Listings by Month | January 2023 - March 2025