The Fed is making Real Progress on Inflation – Richmond Fed President

That is always a good sign. 

The JOLTS report had a decline from 8.85M to 8.79M slightly below market expectations.

JOLTS is the Job Openings and Labor Turnover survey. This is one of those leading indicators of future employment and employer retention.

Instead of just looking at the Unemployment rate, it covers everything from Vacancies, separations, voluntarily quitting, layoffs and Discharge. The report also looks at deaths and retirements.

For reference the Job Openings at 8.8M is down from the high of 12.0M March 2022.

This is a survey of more than 20,000 businesses and government offices. The takeaway is a strong labor market with employers holding on to their employees.


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