Job Postings on Indeed in Grand Rapids-Kentwood, MI (MSA)
IHLIDX24340 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.78
Year-over-Year Change
-0.01%
Date Range
5/22/2022 - 2/14/2025
Summary
This economic trend measures the volume of job postings on the Indeed job search platform in the Grand Rapids-Kentwood, MI metropolitan area. It serves as a real-time indicator of labor market demand and hiring activity in the region.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Indeed Job Postings Index tracks changes in the number of job postings on the Indeed job search engine for a given geographic area. This provides a timely, granular view of labor market conditions and hiring trends that can complement other employment data.
Methodology
The data is collected directly from job postings on the Indeed platform.
Historical Context
Economists and policymakers monitor this trend to assess the strength of the local job market and gauge the pace of economic recovery.
Key Facts
- The index is based on a 7-day moving average of job postings.
- The baseline is the average number of job postings in February 2020.
- The index reached a pandemic low of 51.2 in April 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of job postings on the Indeed job search platform in the Grand Rapids-Kentwood, MI metropolitan area. It serves as a real-time indicator of labor market demand and hiring activity in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a timely, granular view of local labor market conditions that can complement other employment data. Economists and policymakers use it to assess the strength of the job market and the pace of economic recovery.
Q: How is this data collected or calculated?
A: The data is collected directly from job postings on the Indeed job search platform.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the strength of the local job market and the pace of economic recovery, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated daily and provided as a 7-day moving average, which helps smooth out short-term volatility. There may be some limitations in coverage or representativeness compared to broader labor market data.
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Citation
U.S. Federal Reserve, Job Postings on Indeed in Grand Rapids-Kentwood, MI (MSA) (IHLIDX24340), retrieved from FRED.