June’s JOLTS report: slow progress towards a new equilibrium – by New Deal democrat Yesterday’s JOLTS report for June captured a labor market that continues to move towards a new equilibrium, mainly via a gradual decline in job openings compared with labor availability. In other words, for the umpteenth time, “deceleration.” Job openings and actual hires both declined to new 2+ year lows, and voluntary quits also declined to just above a 2+...
Read More »June’s JOLTS report: slow progress towards a new equilibrium
June’s JOLTS report: slow progress towards a new equilibrium – by New Deal democrat Yesterday’s JOLTS report for June captured a labor market that continues to move towards a new equilibrium, mainly via a gradual decline in job openings compared with labor availability. In other words, for the umpteenth time, “deceleration.” Job openings and actual hires both declined to new 2+ year lows, and voluntary quits also declined to just above a 2+...
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