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The sharp reduction in non-farm job vacancies may indicate a rising risk of economic recession.
Odaily News According to @bravosresearch monitoring, the number of non-farm job vacancies in the United States is plummeting at a cliff-like speed, a decline that has only occurred three times since 2000, all of which are highly correlated with economic recessions. As can be seen from the figure below, job vacancies have plummeted from a high of about 12 million to below 8 million, and the current downturn coincides with the depletion of consumer excess savings, further exacerbating the risk of economic pressure.