05/12/2026
When someone builds this level of analysis using our data, it's worth sharing.
Kamba Group published a detailed Q1 2026 labor market discrepancy report using our JobMarketPulse data alongside official BLS releases. The findings are worth reading carefully.
A few things stood out to us:
The March headline of +178,000 jobs looks strong. But 76,000 of those were healthcare workers returning from strikes. Strip that out, and the underlying job creation was roughly 102,000, barely matching population growth, while 396,000 people left the labor force entirely.
The revision pattern is what we find most telling. Ten of the last eleven monthly payroll prints have been revised downward. The annual benchmark revision erased 898,000 jobs, the largest since 2009. Our real-time data captured that directional weakness earlier because it tracks employer intent daily directly from career sites, without the survey lags that affect official estimates.
The wage bifurcation Kamba surfaces is also something our data reflects clearly. Advertised full-time salaries are up 4.3%. Advertised hourly wages are up just 1.4%, well below 3.3% CPI. The BLS average of +3.5% sits in between and tells neither story accurately.
This is exactly what real-time job posting data is built for: providing a transparent, daily signal of employer intent that complements official releases, especially when those releases keep getting rewritten.
Full Kamba analysis linked in the comments. Well worth the read.
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A systematic comparison of Aspen Tech Labs' JobMarketPulse (JMP) real-time data against official Bureau of Labor Statistics (BLS) releases reveals a labor market that is materially weaker than headline government figures suggest. The BLS has revised 10 of its last 11 monthly payroll prints downward,...