FYI: It was a solid report from the Job Openings and Labor Turnover Survey (JOLTS) this month as openings jumped to 5.757 million versus 5.400 million expected. That’s below the all-time high for gross job openings set last year but the trend higher in openings after some moderation in the second half of 2015 suggests labor demand continues to climb. This is consistent with anecdotal evidence in the Fed’s Beige Book, ISM surveys (especially non-manufacturing, where labor has been listed as both in short supply and up in price for the last 9 months), NFIB survey data out this morning, and the Employment Situation Report for April. The total Separations rate was down in March, not necessarily a good thing, but that was more about a decline in layoffs than a lower quit rate.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/job-openings-near-an-all-time-high/
