It is getting slower out there. Over the past four months, growth rates of US job postings have been on a slide downwards with the latest addition in May of only 2.1%. Employers posted a daily average of 2,600,000 job openings (estimate) during the last 30 days, just 55,000 more than in April. Four of the five largest metro area posted gains. Employers in the New York Metro area added just 1.0% while the Los Angeles job market remained virtually unchanged (down 0.4%).
United States Job Openings, January 2007 - May 2011
If we interpret job postings as a short term outlook of employers on the economy the numbers suggest that employers are becoming increasingly cautious to look for additional labor. According to the BLS, the US economy added 768,000 jobs this year so far with April being the month of highest growth. It may be less exciting when the BLS publishes it's May employment report on Friday.