– by New Deal democrat The JOLTS report is low on my list of useful tools, but it does break down the labor market further than the jobs report, and it does have several slightly leading components, so let’s take a look at the latest report, which is for April. Below are job openings (blue), […]

 – by New Deal democrat I’m glad I waited a day to write about yesterday’s JOLTS report for December, because I got to read a lot of other commentary on the report, which convinced me to add some additional commentary about the entire JOLTS series.  Let’s start with the fact that it was not “stale” inasmuch […]

 – by New Deal democrat In the past year, in contrast to much other data in the jobs sector, the JOLTS reports have been very much consistent with a “soft landing” jobs scenario. In the August report released this morning, the trend weakened slightly. As a quick refresher, this survey decomposes the employment market into […]

November JOLTS report adds to the data showing continued labor market deterioration  – by New Deal democrat The second of this morning’s reports was the JOLTS survey for November.  Like many other statistics concerning jobs, the JOLTS series have been deceleration for several years. The question now is whether they level off or continue to […]

The latest Jobs Report numbers I pulled off of the Bureau of Labor Statistics website. It would appear the FED has done its job in lowering inflation to the point the nation may slip into a recession. For the last couple of months this is what New Deal democrat has been reporting also. “In other […]

 – by New Deal democrat I’ll write about today’s ISM non-manufacturing report later, but first I wanted to follow up with several more graphs based on yesterday’s JOLTS labor report for April. Basically, I didn’t want to leave the impression that the labor market was in any way sub-par based on those numbers. With that […]

January JOLTS report: shows more (relative) weakening, downward revisions to 2023  – by New Deal democrat The JOLTS report for January showed only minor changes compared with December, all to the downside, but was somewhat overshadowed by mainly downward revisions to all of 2023. Starting with the monthly changes, job openings (blue in the graph below), […]

October JOLTS report: yet one more month in the ongoing decelerating trend  – by New Deal democrat  All of the major metrics in this month’s JOLTS report for October continued to show deceleration. Here are openings (blue), hires (red), and quits (gold), all normed to 100 just before the pandemic: As you can see, at […]

JOLTS and jobless claims: the labor market remains a strong positive  – by New Deal democrat The message from the JOLTS report for December yesterday and jobless claims for last week today is that the labor market remains the strongest sector of the economy, with plenty of unfilled job openings, and almost no layoffs. Initial […]

JOLTS report for June amplifies likelihood of substantial downturn in job growth, upturn in unemployment Before we get to the JOLTS report for June, which was released this morning, I wanted to make a point about the overall trend in employment. Because, the two best short leading indicators for employment and unemployment are both pointing […]