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US Labor Market In Freefall As Job Openings Slide, Quits Tumble To 2 Year Low
For months we have been warning that at a time when the US economy is careening into a hard landing recession, the manipulated, seasonally-adjusted, and politically goalseeked job openings data released as part of the DOL's JOLTS report is sheer rubbish (see "US Job Openings Far Lower Than Reported By Department Of Labor"; "Handle The JOLTS Data With Care", "Just Make it Up: Job Openings Unexpectedly Soar As Labor Department Now Guessing What The Number Is"). And one month after we saw an epic, long overdue thud in the number of artificially-inflated February job openings, today we got yet another confirmation of ... (full story)
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- May 2, 2023 12:03pm May 2, 2023 12:03pm
- shangnokk
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- The Fool
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"If The Fool persists in his Folly he will become wise." - William Blake