Chart of the Day: Job Openings Closing

Thought about holding this for the weekend macro update, but this morning’s release of the BLS’s Job Openings and Labor Turnover (JOLTS) report deserves its own blog post.

As we’ve stressed herein for months the consumer is the glue holding this longest-ever economic expansion together. We’re thus focusing on the jobs market in particular.

While the labor market appears healthy enough — recall last month’s strong number — the fact that the rate of change of job openings (2nd panel below) has plummeted to lows we’ve only see during recession is troubling. As we’ve illustrated herein ad nauseam, history suggests that labor is the last thing to go, and when it does contractions tend to come quickly.

Click to enlarge…

Like I said in our weekly message earlier today, the powers-that-be have tremendous incentive to stimulate like mad! Not that they haven’t been already, and not, alas — as this report implies — that it’s been working; except that is for the stock market…


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat