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US Job Openings Plunge In Good (And Bad) News
US job openings undershot meaningfully in key labor market data released Tuesday.
There were 7.6 mi
The information at the margin suggests job growth is slowing. That isn’t a recession call, but it is a tell that the economy is becoming more vulnerable to a shock. We almost had one in the form of a trade war over the weekend. The current administration thrives on chaos. The economy does not.
Since the Fed is firmly on hold pending clarity on what Trump will do and the effects, bad news should no longer be good.