Labor Market Crosses Critical Threshold: For First Time Since 2021 There Are More Unemployed Than Job Openings Ahead of today’s JOLTs reported, which as usual lags the monthly jobs report by one month, markets were largely focused on it as an indication of whether and how big prior month jobs revisions would be (as a reminder, July and June saw the biggest negative 2-month jobs revision since Covid, prompting Powell to go full dovish at Jackson Hole). Well, moments ago the BLS reported that in July the number of job openings tumbled by another 176K from a downward revised 7.357MM(originally… — Continue at ZeroHedge News : Read More
