…take time. In the latest August JOLTS figures, the hiring rate fell to 3.3%—comparable to 2013, when unemployment was more than 7%. Yet, encouragingly, layoffs remain low. Historically, the inability…

…services index. I’ll examine the November JOLTS report separately. Recall that services are about 75% of the economy. Thus, even if goods production is contracting, their share of the economy…

 – by New Deal democrat As usual, we start out the month with reports on both manufacturing and construction. Ill post separately on construction. Additionally, the May JOLTS reports was posted,…

…claims, but also layoffs and discharges from the JOLTS report, and the number of short term unemployed, and total unemployed from the jobs report. Here is a historical pre-pandemic look:…

…recently received, including the JOLTS report for September I wrote about on Tuesday. Additionally, because jobless claims lead the unemployment rate, our usual look suggests that there is no upward…

…a recovery, but you have to go through the recession first! Also . . . “Monthly government data for September included a poor JOLTS report, with hires and quits at…

 – by New Deal democrat As I indicated yesterday and earlier today, we got some stale data on factory orders this morning, as well as a JOLTS report for November. I’ll…

 – by New Deal democrat The December JOLTS report that was delayed from Tuesday is scheduled to be released later this morning. I may cover it today, or may delay…

…barely having a pulse. The report was also delayed due to the partial government shutdown, which did nothing to boost public confidence in the data. Add in recent JOLTS numbers…

…last year. So, one punk month, could mean something, could be just noise. UPDATE: 3. The January JOLTS report was more of the same we have seen for over a…