Fed’s Labor Market Narrative Intact After Mixed JOLTS Release

Job openings across the world's largest economy rose above eight million for the first time since May. That's according to Tuesday's closely-watched JOLTS release from the BLS, which tallied openings as of the last business day of August. Consensus expected 7.66 million from the headline. Markets got 8.04 million instead. The increase from the prior month, 329,000, was the first in three reports. Hires were 5.317 million from a downwardly-revised 5.42 million. That series remains near post-