Sand In The Gears

Sand In The Gears

US job openings rose 16,000 to 9.21 million at the end of May, the BLS said Wednesday. That was below expectations. The market expected 9.33 million. JOLTS is marquee data in the current environment with traders, investors and policymakers struggling to refine their narratives as the economy emerges from the worst public health crisis in a century. The surge in job openings and attendant record disconnect between vacancies and hires (figure below) is the stuff headlines are made of. The US
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