While we already knew that the US labor market closed 2020 with a dud after Friday's December jobs report showed the first decline in US payrolls since April, moments ago the BLS reported that in November the labor market was still relatively solid - a now meaningless indicator considering all the much more recent data - with job openings in the US declining by just 105K to 6.527MM from a downward revised 6.632MM, well above the 6.4 MM consensus estimate. Of course, as everyone knows this is a stale number - JOLTS is 2-months delayed - and as such we can only imagine the December print when it is unveiled in February ... (full story)