BREAKING: Job postings on Indeed dropped -10% year-over-year last week to the lowest in 4 years. Over the last 3 years, job postings have declined -33%. As a result, available vacancies are just 8% above pre-pandemic levels. Additionally, NEW job postings have dropped -40% since February 2022 to near the lowest since December 2020. Data provided by Indeed has been a leading indicator for the BLS-provided job openings data, suggesting more weakness ahead. The labor market is deteriorating.