U.S. job openings post biggest drop in more than four years
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Re: U.S. job openings post biggest drop in more than four years
#2If interested, this is the economic news release: https://www.bls.gov/news.release/jolts.nr0.htm
Re: U.S. job openings post biggest drop in more than four years
#3Does the US government provide metrics on job openings by wages or some measurement of monthly or annual earnings?
My portfolio has been doing fantastic, but I have to stop and wonder how the average person who doesn’t have assets is doing.
Re: U.S. job openings post biggest drop in more than four years
#4This doesn't indicate if is good or bad. You need to know employment rate as well, all the job could be getting filled faster than they are opened.
Re: U.S. job openings post biggest drop in more than four years
#5[deleted]
Re: U.S. job openings post biggest drop in more than four years
#6Does the US government provide metrics on job openings by wages or some measurement of monthly or annual earnings? My portfolio has been doing fantastic, but I have to stop and wonder how the average person who doesn’t have assets is doing.
Given wages not increasing with COL in cities and availability of credit (student loans, rising rents, credit cards, low interest rates) I'd assume poorly
Re: U.S. job openings post biggest drop in more than four years
#7This doesn't indicate if is good or bad. You need to know employment rate as well, all the job could be getting filled faster than they are opened.
https://www.bls.gov/news.release/jolts.nr0.htm:
> The number of job openings fell to 6.8 million (-561,000) on the last business day of November, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.8 million and 5.6 million, respectively. Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little changed at 1.1 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions.
Re: U.S. job openings post biggest drop in more than four years
#8This doesn't indicate if is good or bad. You need to know employment rate as well, all the job could be getting filled faster than they are opened.
You write as if we do not have access to additional context. There have been several signs that the US economy might be slowing down after a very long (the longest?) bull run in history.
Re: U.S. job openings post biggest drop in more than four years
#9This doesn't indicate if is good or bad. You need to know employment rate as well, all the job could be getting filled faster than they are opened.
Good? Bad? Market economies do not operate based on these notions. This certainly indicates a slowing in demand for labor. Employment rate is not the full picture either -- wages being stagnant would support the low demand for labor hypothesis even if employment was high.
Re: U.S. job openings post biggest drop in more than four years
#10This happened yesterday:
https://www.bloomberg.com/news/articles/2020-01-16/u-s-to-ch...
I can't help but see a relationship here between bad economic news and attempts to curb the release of such.