Yes, it's here. We have all felt this trend over the last few quarters, but now the real macro data confirms that hiring is slowing in Ortho.
In essence, there are many more people looking for jobs in ortho than there are real open jobs. However, this is part of the bigger macro picture.
Tiger's take:
This is good news for ortho companies hiring as you have the pick of the litter.
This is bad news for people looking for a new role.
Less Open Jobs
Hiring Reaches a 14-Year Low:
The first chart illustrates annual September hiring plans from Challenger, Gray & Christmas, spanning 2011 to 2025. Planned job additions peaked around 2021–2022 (exceeding 800,000), reflecting post-pandemic recovery, but have trended downward since. For 2025, plans dropped to approximately 100,000–150,000—the lowest bar by far and the weakest September reading since 2011. This sharp decline (over 75% below the 2022 peak) signals broad employer caution, likely driven by persistent inflation, elevated interest rates, or softening demand.
Actual Job Growth Turns Negative:
The second chart tracks seasonally adjusted (SA) private nonfarm payroll changes from the ADP National Employment Report, from mi...
