Saturday, June 14, 2008

JOLTS: Better News on the Labor Market

This past week the BLS released the newest JOTLS data and for a change it was a little better.

Job openings (SA) increased for the first time in many months. Still showing a Y/Y decline.

Saw similar good news on the layoff and hiring results (if I recollect correctly).

One month of data of course is not a trend but not wanting to be a perma-bear (at least all the time) I must admit that it was better than I expected.


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