August 2023 JOLTS Report: Look Past the Surprising Spike in Openings

Key Points: Don’t be fooled into thinking the longstanding cooldown in the labor market has suddenly reversed itself after an unexpectedly strong August. While the headline jump in openings was surprising, the large majority of the almost 700,000 increase in job openings came from just one industry—professional and business services—and is likely noisy. Yes, the […]


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