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In November 2022, Amazon stock hit a 12-month low ($84.18), shortly after removing half of its job openings from its career site. The year was one of the retail giant’s worst ever; its stock lost 51 percent of its value from the start of the year.
But the most interesting thing (in our opinion) is what happened in October 2022, when its stock was still trading right around $150: Amazon started pulling job listings from its career site (see Figure 1).
Figure 1: Amazon job openings vs. closing price, Oct. 2022 – Jan. 2024
Job listings are often a leading indicator of company performance. But publicly available data sources, like BLS’s Job Openings and Labor Turnover Survey (JOLTS) don’t offer numbers for individual organizations. Rather, JOLTS and other BLS reports focus on aggregated data, which offers useful indications of the overall direction of the economy at a macro level.
Any organization interested in individual company performance, however, needs to find another data source. That’s exactly what our data can do.
Real Data in Real Time
As you probably know, JOLTS data comes from a survey the BLS conducts each month. By its nature, survey data is outdated by the time
