Friday, April 18, 2008

Decline in Job Openings

Data from the BLS JOLTS program shows the number of vacant jobs in the nation declining. Just another indicator that our economic activity is likely contracting.
Also of note is the fact that the cycle high (around the end of 2006) was below that of 2000.
Looks like we may have to wait a while before the onset of the great labor shortage predicted by so many"futurists"!

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