Tuesday, August 8, 2017

Another oddity in jobs

After nearly two years of being rangebound, between 5.5 and 6 million, the BLS's JOLTS report - Janet Yellen's favorite labor market indicator- showed that in June, the number of job openings soared by 461,000 from 5.7 million to a new all time high of 6.163 million, smashing expectations of a far more subdued print of 5.75K, and resulting in a job openings rate of 4.0%, also tied for record high.
This post tells me that 500,000 boomers retired and we are going to see yet another jump in interest charges.  This is  not a good report. 

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