Where in the World are the DINKs?

Couples in different advanced economies face different opportunity costs when it comes to children, creating different pockets of DINKs across the globe.


GDP data confirmed that the UK slipped into recession in the second half of 2023. The BoE needs to reverse course quickly or else face a more severe downturn.

Industries: Discover industry-specific insights and the state of hiring in these main sectors.

We have expanded our reporting to cover Canada and the UK.


Recruitonomics is a hub for data-driven research that aims to make sense of our evolving world of work.

Job Openings Fell in May. Has Depressurization Begun?

Author: Liz Anderson
06 Jul 22

In the face of recession fears, the labor market is still historically tight, but signs of depressurization are beginning to show.

The number of job openings in May was 11.3 million, down slightly from April’s number of 11.4 million. Though still high, this slight drop is a sign that the job market is on a track to depressurize, rather than deflate. The unemployed people to job openings ratio held at 0.52 in May, signaling the tight labor market has not gotten any tighter. Fed Chairman Jerome Powell has emphasized the importance of introducing slack into this market. The Fed hopes their fights against inflation will allow for a soft landing. In that scenario, the job openings ratio would increase to around 1 due to a decrease in job openings, rather than a jump in unemployment. 


Layoffs held at a very low rate of 0.9% in May, a reassuring sign that the labor market is not deflating. In recessionary times, it’s common to see a panicked surge in layoffs. However, with such high openings numbers, companies are able to adjust by lowering their demand for workers, rather than diminishing their existing workforces. Our current labor market is so red-hot that there’s plenty of room to adjust to recession fears before any dramatic increases in layoffs are necessary. The largest increase in layoffs came from the technology industries, which rose to 1.0% from 0.9% in April. Even at their highest, sector-specific layoffs are incredibly low. 

Depressurization is most apparent in two sectors: Manufacturing and Business and Professional Services. In both sectors, job openings decreased sharply. Consumer spending on durable goods dropped in May, and manufacturing businesses may have responded to that shift by cutting back on job openings. For similar reasons, businesses are tightening their expenses and delaying investments due to economic uncertainty, translating into a pullback on plans for workforce expansion. In both sectors, layoffs remain low. If other sectors follow this pattern, the Fed’s dream of a soft landing is well within reach. 

Economics Writer

Sign up to receive the latest updates!

Couples in different advanced economies face different opportunity costs when it comes to children, creating different pockets of DINKs across the globe.
4 minutes
Raising kids has become increasingly expensive but not necessarily in the way that you think. Women increasingly choose career over babies – welcome to the DINK phenomenon.
4 minutes