FYI: Today’s Job Openings and Labor Turnover Survey from the BLS came in significantly stronger than expected as the number of job openings came in at 6.939 million versus estimates for a level of 6.675 million. Based on this report and reports over the last few months, 2018 is shaping up as a year where economists have underestimated the strength of the US job market. To illustrate, in the each of the JOLTS reports covering 2018 so far, all seven of them have come in better than expected, beating expectations by an average of 219K!
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/monster-jolts/
