Job Openings Plunge To 17 Month Low As Slide In Hiring, Quitting Confirms Job Market Slowdown
Last month we concluded our analysis of the July Jolts by reminding readers that "JOLTS is 2 months delayed, so we wouldn't be surprised if next month's JOLTs is where the real ugliness lies." That's precisely what happened.
Just in case the last few disappointing payrolls reports weren't sufficient to indicate that the US labor market is cooling rapidly, the latest JOLTS released today...
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