JOLTS: Another Metric Starting To Crack

Remember when people pointed to the JOLTS report as an indication of the labor market being so strong. We now have the June (not July) numbers out and they were down again.

https://tradingeconomics.com/united-states/job-offers

In this video I discuss how we can clearly see the trend. For those who buy these numbers as absolutes (I dont) then it is a bad sign. We saw a10% decline since the peak in March with half of that coming in June alone.

Anyone think the numbers for July will show a larger decline?

▶️ 3Speak