Drugs and Dropouts

By |2017-05-09T09:51:13+00:00May 8th, 2017|Categories: Global Market Update|Tags: , , , |

Why are so many men not working? Photo: Arielle Jay. Source: Morguefile Over the past 40 years the rate at which prime-aged men participate in the labor force has fallen from 94% to 88%. That may not seem like a lot, but it’s over 7 million men who could be working, but aren’t. They’re not retired – it takes a lot of money to pay for retirement that early. Some of them are in school, but not [...]

JOLTS – March 2016

By |2016-11-17T15:51:21+00:00May 10th, 2016|Categories: Lagging|Tags: |

The JOLTS report offers upbeat news on the economy with job openings jumping to 5.757 million in March from February's upwardly revised 5.608 million, boosting the job openings rate 1 tenth to 3.9 percent. And employers may be having trouble filling the openings as the hiring rate fell 1 tenth to 3.7 percent. The quits rate is unchanged at 2.1 percent to indicate that workers are showing limited inclination to shift jobs. Similarly, employers are showing limited [...]

JOLTS – February 2016

By |2016-11-17T15:53:35+00:00April 12th, 2016|Categories: Leading|Tags: |

Labor participation has been on a sharp rise but job openings in the JOLTS report are down in the February report, to 5.445 million from January's revised 5.604 million. The job openings rate slipped 1 tenth to 3.7 percent. But in signs of rising strength, the hiring rate rose a sharp 2 tenths to 3.8 percent with the quits rate up 1 tenth to 2.1 percent. Note that gains in the quits rate hint at rising confidence [...]

JOLTS – January 2016

By |2016-11-17T15:55:15+00:00March 22nd, 2016|Categories: Leading|Tags: |

In a mixed report, job openings surged in January to 5.541 million from, however, a sharply downward revised 5.281 million in December (5.607 million initially reported). The quits rate, which jumped in December, fell back a sharp 2 tenths to 2.0 percent and points to less confidence among workers to shift jobs. Despite the downward revision and despite the drop in the quits rate, the reading for January job openings, which in percentage terms is at 3.7 [...]

JOLTS – December 2015

By |2016-11-17T15:59:52+00:00February 9th, 2016|Categories: Lagging|Tags: |

Job openings surged in December, foretelling perhaps January's surge in the labor participation rate. Openings came in at 5.607 million, well up from a revised 5.346 million in November. The openings rate jumped 2 tenths to 3.8 percent and compares with 3.4 percent in December 2015. The layoffs rate, portending the decline in the unemployment rate, fell 1 tenth in the month to 1.1 percent. This is a strong report and a reminder that the labor market [...]

JOLTS – November 2015

By |2016-11-17T16:01:40+00:00January 12th, 2016|Categories: Lagging|Tags: |

Job openings are holding steady in November, at 5.431 million vs a revised 5.349 million in October. Openings peaked back in July at 5.668 million and have since flattened. Hirings, though solid at 5.197 million, have also flattened as have other readings including the quits rate which is unchanged at 2.0 percent. Limited movement in the quits rate points to limited upward mobility for the workforce. This report is edging higher but doesn't show the outright strength [...]

JOLTS – October 2015

By |2016-11-17T16:03:31+00:00December 8th, 2015|Categories: Lagging|Tags: |

The number of job openings was little changed at 5.4 million on the last business day of October, the U.S. Bureau of Labor Statistics reported today. Hires and separations were little changed at 5.1 million and 4.9 million, respectively. As a percentage of total employment, job openings fell 1 tenth to 3.6 percent which is still, for comparison, 2 tenths higher than October last year. The hiring rate held steady at 3.6 percent with the quits rate [...]

JOLTS – September 2015

By |2016-11-17T16:05:08+00:00November 15th, 2015|Categories: Lagging|Tags: |

In a positive sign for labor demand, job openings in the JOLTS report popped back up in September, to 5.526 million from a revised 5.377 million in August. Openings peaked in July at a recovery best 5.668 million. High job demand will absorb yet more slack from what is a dwindling supply of available labor, in what could precede wage inflation and become a major concern for Fed policy makers. But in a contrasting indication of worker [...]

JOLTS – July 2015

By |2016-11-17T16:09:25+00:00September 15th, 2015|Categories: Lagging|Tags: |

The number of job openings again rose to a series high of 5.8 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. Professional & business services, which is considered to be a leading component for total employment, led the gains with a 122,000 increase followed by accommodation & food services at 82,000 and retail at 77,000. The number of hires and separations edged down to 5.0 million and 4.7 million, [...]

JOLTS – June 2015

By |2016-11-17T16:11:33+00:00August 18th, 2015|Categories: Lagging|Tags: |

Jobs openings decreased in June to 5.249 million from 5.357 million in May. The number of job openings (yellow) are up 11% year-over-year compared to June 2014. Quits are up 11% year-over-year. These are voluntary separations. (see light blue columns at bottom of graph for trend for "quits"). This is another solid report. It is a good sign that job openings are over 5 million - just off the all time high set last month - and [...]