Job Openings Surge…

US Job Opening Soar To All Time High: 1.3 Million More Than Unemployed Workers

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by Tyler Durden Fri, 03/15/2019 – 10:44 51 SHARES TwitterFacebookRedditEmailPrint

The Fed’s dovish U-turn appears in jeopardy again.

After a modest slowdown in job openings which started in September and continued through November, today’s JOLTS report – Janet Yellen’s favorite labor market indicator – for the month of January  showed an unprecedented surge in job openings across most categories at the start of 2019, with the total number soaring from an upward revised 7.479 million (from 7.335 million), to an all time high 7.581 million, smashing expectations of a 7.225 million print.

And thanks to the surge in job openings, this will be the 11th consecutive month in which there were more job openings then unemployed workers: considering that according to the payrolls report there were 6,235MM unemployed workers, there are now exactly 1.346 million more job openings than unemployed workers currently,

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