As soon as the June payroll report hit the tape pre-open last Friday, markets heaved a big sigh of relief. Reversing the downwardly revised 11,000 non-farm jobs in May, 287,000 jobs were created in June. The S&P 500 large cap … Continued
U.S. non-farm job openings fell 150k to 4.99 million in March, as per the JOLTS survey out this morning. This was the biggest month-over-month drop since last September, when openings shrank by 247k (Chart 1). This is one month’s data, … Continued
Jobs have been relatively hard to come by in the current economic recovery. From the January 2008 high of 138.37mn, U.S. non-farm payroll nosedived all the way to 129.66mn by February 2010, for a loss of 8.7mn. It took four-plus … Continued