The breadth of labor market dysfunction, and the longevity of that dysfunction, have combined within the Job Openings and Labor Turnover Summary once again to produce a narrative of ongoing weakness and decline. Instead of single episode of dramatic labor market collapse, with the JOLTS report we get an ongoing death of ten thousand cuts. Instead of a labor shock we are getting persisent, inexorable, and seemingly unstoppable labor market decline.
Links And Sources
February Job Openings And Labor Turnover Summary: https://archive.ph/wsbse
February JOLTS Summary, 2021-Current: https://fred.stlouisfed.org/graph/?g=1BTIm
”November JOLTS: "Little Changed" Means "Still Getting Worse"“: https://newsletter.allfactsmatter.us/p/november-jolts-little-changed-means
February JOLTS Summary, 2024-Current: https://fred.stlouisfed.org/graph/?g=1GYRS
Hiring vs Separations: https://fred.stlouisfed.org/graph/?g=1H8mW
Net Hiring, 2024-Current: https://fred.stlouisfed.org/graph/?g=1H1Cv
Net Hiring, 2021-Current: https://fred.stlouisfed.org/graph/?g=1H1CB
Net Hiring, Manufacturing: https://fred.stlouisfed.org/graph/?g=1BTPp
Net Hiring, Trade, Transporatation, and Utilities: https://fred.stlouisfed.org/graph/?g=1H1DK
Net Hiring, Professional and Business Services: https://fred.stlouisfed.org/graph/?g=1H1Dt
Net Hiring, Leisure and Hospitality: https://fred.stlouisfed.org/graph/?g=1H1DW
JOLTS Hiring By Sector, 2021-Current: https://fred.stlouisfed.org/graph/?g=1GYPP
Hiring vs Unemployment: https://fred.stlouisfed.org/graph/?g=1BU0w
Quits and Layoffs vs Unemployment: https://fred.stlouisfed.org/graph/?g=1H1IJ
Quits vs Layoffs: https://fred.stlouisfed.org/graph/?g=1BTPd
“Tight Labor Markets?”: https://newsletter.allfactsmatter.us/p/strong-labor-markets
“The Jobs Recession Is Here”: https://newsletter.allfactsmatter.us/p/the-jobs-recession-is-here
“JOLTS Report Says Nothing Has Changed. That's The Problem”: https://newsletter.allfactsmatter.us/p/jolts-report-says-nothing-has-change
“December JOLTS: Fake Job Openings Show "Little Change", Actual Hiring Shows Not So Little Decline”: https://newsletter.allfactsmatter.us/p/december-jolts-fake-job-openings
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