FYI: The JOLTS survey for November saw some mixed trends. Total job openings and the job openings rate edged to new highs - indicating strong demand for labor - but quits did not accelerate. The trend higher in quits is still positive, but unless quits accelerate it will be hard to see further acceleration in wage gains as measured by average hourly wages or average weekly wages. It's also important that layoffs declined and have remained in an anchored range. Overall, the November JOLTS report was indicative of a positive trend in labor markets, but not indicative that the inflection point in wage trends has arrrived.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2015/1/13/jolts-job-openings-still-growing-quits-give-up-some-gains.html?printerFriendly=true
