This tile is stale: the value shown is the last
one the source published, never a fabricated current number.
The full history
2000
high 2.04 · low 0.15 · now 1.03 · 3 recessions shaded 2026
How it is read
What it measures
Beveridge-curve tightness
Confidence
ROBUST : a primary official series, mechanically reported.
Reliability (DRS)
DRS 95: Job openings (JTSJOL) ÷ unemployment level (UNEMPLOY), joined on exact dates. The tightness gauge the FOMC watches; falling is loosening before the headline rate moves. Trend-dominated → decade-relative. BLS-produced; integrity-events factor applies.
Where it comes from
DERIVED ↗Every number on this site is reproducible from this primary source.
What it read at past stress points
Lehman, Sep 2008
0.34
◆ WATCH
Q4-2018 selloff
1.17
· CALM
Curve inversion, Aug 2019
1.21
· CALM
COVID crash, Mar 2020
0.82
· CALM
Questions it helps answer
The Freeze: What is the labor market’s COMPOSITION saying?