Job Openings Unexpectedly Crater By More Than 500K As Wheels Start To Fall Off The Job Market

One month after we reported that job openings “unexpectedly” soared on “a record 2 month surge in professional services”, moments ago the BLS reported that the biggest rollercoaster series in the US data set just collapsed, when December job openings “unexpectedly” cratered by 556,000, from 8.156 million to just 7.600 milion, the second lowest print since the covid crash…

… and below all Wall Street estimates with the exception of one, SocGen’s 7.5 million job openings forecast.

More…

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Michael
Michael
12 days ago

Oh my (sad face) they didn’t pump the numbers for today to “Revise them” on page 11 later that month?

A “Service Economy” of Dollar Stores and Mc D’s AND some 24% plus of all jobs “Created” by the Biden crew was make work and secondary funding for illegals.

Reality tip toes onto the stage.