Recession Indicator New Orders vs Job OpeningsShowing the causation between new orders data and job opening data.
When new orders fall, new jobs fall.
RN, new orders have fallen. New jobs haven't fallen yet.
Key data points
Last release
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Observation period
Mar 2024
Next release
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Forecast
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Highest
598.60 BUSD on Sep 30, 2023
Lowest
223.50 BUSD on Feb 29, 1992
About United States New Orders
In the United States, because new orders heavily affect business confidence they are a leading indicator for growth in gross domsestic product.
