…I described the November JOLTS report as being analogous to a reverse game of musical chairs, with jobs being the chairs and potential employees those wanting to sit in them….

…critical sector during the pandemic. SUMMARY Two days ago I described the November JOLTS report as being analogous to a reverse game of musical chairs, with jobs being the chairs…

…A month ago I described the JOLTS report as being analogous to a reverse game of musical chairs, with jobs being the chairs and potential employees those wanting to sit…

…the February JOLTS report released earlier this week, the number of jobs available relative to the number of applicants remains tight, meaning there will be continuing upward pressure on wages….

…interesting case, citing historical manufacturing data. But my bone to pick is with Drum, who claims that “the quit rate [from the JOLTS report] merely rebounded to its old Great…

…find higher wages somewhere is still very much happening.  The next important marker is going to be “job openings” in the March JOLTS report which will be released next week….

…is getting laid off.” The “job openings” component of the March JOLTS report, which will be released next Tuesday, is the next important metric, because that will tell us if there…

…1,384,000, yet another new 50 year low (but still well above their 1968 all-time low of 988,000): The “job openings” component of the March JOLTS report released on Tuesday, indicated…

…JOLTS report, which would indicate that employers are affirmatively cutting back on their hiring plans. In any event, yet more (slight) weakening in the economic indicators, and yet more reason…

…in the JOLTS report (blue):  Although the relationship isn’t perfect, the number of job openings is a short leading indicator for wage growth. As openings increased, with a delay so…