- by New Deal democratI’m still on vacation, so continue to expect light posting. But I thought I’d take a look at the one piece of data that came out this week, the June JOLTS report. First of all, the “hiring leads firing” mantra continues to be true: [Note: data averaged quarterly to cut down on noise.] Interesting that hiring has been essentially flat for a full year, and total separations (“firing”) for the past three quarters. But the layoffs and discharges part of separations continues down YoY, a good thing, and what initial jobless claims and the unemployment rate also show, if weakly: But the relative weakness of the employment situation show up in the YoY% changes in hiring, voluntary quits, and job openings (all normed to zero at their current levels in the
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- by New Deal democrat
I’m still on vacation, so continue to expect light posting. But I thought I’d take a look at the one piece of data that came out this week, the June JOLTS report.