#jolts — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #jolts, aggregated by home.social.
-
Investors await #US #JOLTS report, expecting a dip in #JobOpenings. A potential sign of easing #labor market conditions could fuel hopes for #Fed rate cuts, cooling #wage and #inflation pressures. Fed likely to hold rates steady but watching for signs of sustained slowdown.
-
Before today's #Fed FOMC meeting and Chair #Powell's speech, several key #US data releases are worth monitoring, including #ADP Nonfarm #Employment Change, US #Manufacturing PMI, #ISM Manufacturing PMI, and #JOLTs Job Openings.
-
Quits rate past 23 years.
One explanation for big layoffs? Quits are down. But when you look: they're down compared to 2022, they're not down compared to 5+ years ago.
Another explanation? Generative #AI is expensive and companies are laying people off to free up cash to spend on that.
Chart:
https://fred.stlouisfed.org/series/JTSQURMarketplace story:
https://www.marketplace.org/2024/01/26/what-do-all-the-layoffs-mean-in-a-supposedly-good-economy/
—
#JOLTS #economics #useconomy #layoffs -
@plutus @ForeignSubstance @rubecube12 “The government on Wednesday noted that total quits in 2022 were 50.6 million, the highest annual level in the survey’s history.” #Jolts
-
As @PrestonMui @employamerica reminded us, slowdown in hiring is a leading indicator of recession, layoffs lag.
Official hiring rate estimate @BLS_gov #JOLTS has declined since Fed started ⬆️rates in Mar 2022. We'll get Dec estimate on Wed.
-
Thread by @epi 's @eliselgould on today's US #JOLTS data release.
-
No #JOLTS data on teachers, specifically. The "State and local government education" category reported in JOLTS is probably just under half K-12 teachers, if the CPS is any guide.
But the #NCES does have new data out today on teacher shortages consistent with your observations. Here's the write-up at the Washington Post.
https://www.washingtonpost.com/education/2022/12/06/teacher-supply-shortage-free-lunch/And a colleague and I also have a new @epi report out today on teacher shortages. https://www.epi.org/publication/shortage-of-teachers/
-
Every day it feels like another big American company is announcing layoffs. But even if you squint, it is hard to find those layoffs showing up in job-market statistics. My latest #jolts
https://www.wsj.com/articles/layoffs-what-layoffs-11669832886 -
A third report today - the #JOLTS report from the Labor Department - shows job openings remained above 10 million in October, while "layoffs remained quite low."
#jobs #economy #news https://www.marketwatch.com/story/u-s-job-openings-fall-to-10-3-million-but-labor-market-still-too-strong-for-the-fed-11669821291
