There are still more job openings than people unemployed

6/5/24 10:57AM

Switching positions

Looking to change up your job? There might not be as much choice as there was a couple of years ago. That’s the takeaway from national job openings data, which fell more than expected in April to the lowest level in over 3 years, according to the Bureau of Labor Statistics, as the labor market continues to show signs of cooling.

The new figures released yesterday showed that the number of available positions in the US for April was 8.06M — some ~300K less than the month prior — translating to 1.24 openings for every unemployed person, the smallest ratio recorded since June 2021 and down from a peak of 2:1 in 2022.

With hiring rates slowing and quitting rates stalling, the latest job openings data suggests that the supply and demand for labor is normalizing back towards pre-pandemic levels; as such, bonds are surging ahead of Friday’s employment report, which is forecast to show the US adding 185K jobs for May.

Hyunsoo Rim

serial reseller

Etsy sells fashion app Depop to eBay, as the pair’s postpandemic paths split further

The $1.2 billion clothes reseller is the last shoe to drop in Etsy’s failed “House of Brands” experiment.

Etsy NYC headquarters building, December

Max Knoblauch2/17/26

Sony is reportedly considering pushing the PlayStation 6 to 2028 or 2029 as AI RAM demand squeezes consumer electronics

AI’s ongoing need for more memory chips, which some are referring to as “RAMmageddon,” is reportedly shifting Sony’s plans for its next PlayStation console.

According to reporting by Bloomberg, the company is weighing a delay of the PS6 to 2028 or 2029 — a pivot from the company’s typical six- to seven-year console life cycle.

Memory costs could also result in Nintendo hiking the price of the Switch 2, per the report.

The report is part of a larger trend of AI demand impacting consumer electronics, including gaming equipment. Earlier this month, reports said that Nvidia will not release a new gaming graphics chip this year — a first. Steam owner Valve delayed its forthcoming Steam Machine console, and its popular Steam Deck handheld is currently unavailable for purchase in the US. Per Valve’s website: “Steam Deck OLED may be out-of-stock intermittently in some regions due to memory and storage shortages.”

Amid the AI memory squeeze, gaming stocks have also experienced major recent sell-offs following the release of Google’s AI interactive world-generation tool, Project Genie.

Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis

Memory costs could also result in Nintendo hiking the price of the Switch 2, per the report.

Amid the AI memory squeeze, gaming stocks have also experienced major recent sell-offs following the release of Google’s AI interactive world-generation tool, Project Genie.

Hyunsoo Rim

REMOTE. CONTROL.

2/17/26

Younger companies and leaders embrace more remote work, new study finds

Firms founded in the past decade have nearly twice the WFH rates of those started before 1990.

Funny 1980s Computer man at desk with coffee

Video game experts say Google’s Project Genie isn’t an industry killer. Investors don’t seem convinced.

Analysts and company execs are trying to dispel fears around AI’s impact on gaming, but Wall Street is still wary.

Max Knoblauch2/17/26

Rivian just had its best day ever on the stock market, after more than 4 years of pain

The EV maker’s software division helped power a strong Q4, as industry giants pump the brakes on their electric ambitions.

Claire Yubin Oh, David Crowther2/16/26