Thursday, October 24, 2013

JOLTS and Initial Claims data add to employment slowdown fears

The level of job openings has now been been basically unchanged since February.
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The job openings data may be signalling a stalling out of employment.
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Initial jobless claims fell by 12k but the prior week was revised up by 4k. More concerning is the four-week moving average is now over 40k higher than it was in September.

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