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labor turnover

More Questions Than Clarity On Labor Inflation Pressure As FOMC Seeks Justification For Taper/Rate Hikes

By |2022-02-01T17:31:16-05:00February 1st, 2022|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The BLS released its labor turnover data, or JOLTS, earlier today. There have been two main issues with it, starting with Job Openings (JO) which is widely cited along with the unemployment rate to represent the widely reported labor shortage theory. More controversial has been Quits, lately dubbed in the media as the Great Resignation for a variety of presumed [...]

A Global JOLT(s) In July

By |2021-12-08T17:43:58-05:00December 8th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Bureau Labor Statistics reported today another huge month for Job Openings (JO). According to their methodology (which I still believe is flawed, but that’s not our focus this time), the level for October 2021 (JOLTS updates are for one month further back than payrolls) was a blistering 11.03 million. It wasn’t a record high, though, as that was set [...]

Here We Go Again: Following Big Payroll Miss It’s The Level of Hiring, Not Job Openings

By |2021-05-11T16:52:47-04:00May 11th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Because it was outdated by publication of the most recent payroll data for April 2021, the follow-up updated JOLTS estimates for March don’t end up having quite the same impact. In one sense, that’s unfortunate because they are once again providing another useful demonstration of the limitations over decoding the employment situation.Job Openings (JO), for one. Before getting to them, [...]

Reconciling Competing Views on Labor ‘Demand’

By |2015-10-20T16:56:47-04:00October 20th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

The BLS published its updated JOLTS figures for August last week, and while most commentary continues to focus on the ephemeral Job Openings category it shouldn’t. Though Job Openings declined sharply by just about 300,000 in the current estimate (from a slight downward revision of July) it still rates as completely out of alignment with the rest of the JOLTS [...]

Oddities

By |2013-12-10T15:24:24-05:00December 10th, 2013|Markets|

It’s not often you hear contrary viewpoints from mainstream commentators that survive the gauntlet of translations and redirection. That has been particularly true in the past week or so since both the GDP report and jobs report were so reassuring. That these encouraging developments do not extend to any deeper meaning is left out, and has thus been the focus [...]

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