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US Job Openings Pull Back From All Time High
October 11, 2017
10:51 am
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Nick
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October 26, 2007
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After two consecutive months of record high job openings, today's August JOLTS report - Janet Yellen's favorite labor market indicator - showed a modest pullback across most categories, with the total number of job openings falling in august from 6.140MM to 6.082MM, below the 6.125MM consensus estimate, resulting in an unchanged Oct. job opening rate of 4%. Still, after nearly two years of being rangebound between 5.5 and 6 million, the latest job openings number confirms that there may be a "breakout" about what was the previous resistance level, as increasingly more jobs remain unfilled in a labor market where skill shortages and labor imbalances are becoming structural.

FULL ARTICLE: http://www.zerohedge.com/news/.....-time-high

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