Scenes from the September jobs report: a look at leading indicators – by New Deal democrat Today is a holiday, so no new economic news. So let’s take a look at some of the leading indicators I was tracking last week for the employment report, and some leading indicators for the economy within that report itself. In the JOLTS report for August last week, quits rose slightly from their 30 month low set in July, leaving the declining trend...
Read More »With Omicron raging, the pool of potential employees refuses to fill, meaning more record wage gains
December JOLTS report: with Omicron raging, the pool of potential employees refuses to fill, meaning more record wage gains The Census Bureau has started to release the JOLTS report earlier in the month. So we got December’s report yesterday as opposed to in a week or two. Last month I introduced the idea of a game of musical chairs, where employers added or took away chairs, and employees tried to best allocate themselves among the chairs....
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