of vacancy data. “But vacancies are showing an especially strong labor market. So if the Fed is relying too much on this one indicator, it’s going to tell them to tighten more than they otherwise would, and I think that’s extremely risky.”Even as businesses stare down a slowing economy, it’s unclear what would finally push them to nix their openings. At Basic Fun! toys in Boca Raton, Fla.
That counts job openings with an employer who is actively recruiting to fill a position where the work could begin within 30 days. There, too, job postings are high, and remain about 55 percent above February 2020, the last month before the pandemic swept across the country. But after a spike in postings throughout 2020 and 2021, the numbers are slowly easing up. Openings in customer service, arts and entertaining, accounting, insurance, sales and IT operations have all ticked down, according to the Indeed Hiring LabThe data shouldn’t be too far off, in broad strokes.
“One should take job openings seriously, but not literally, and I think that’s a good way to think about it,” Pollak said. “Ten million openings, or 20 million online postings, does not necessarily mean that’s the number of vacancies available right that minute. But it is a very important measure of hiring sentiment, and also of recruitment intensity.”
The Federal Reserve isn't interested in the economy. It's interesting in owning the libs.
Up down up down, maybe nobody knows for sure.
Those GOP backers on here go read how GOP members got their PPP loans forgiven. Socialism…millions upon millions. The whole govt. is a sh*t show. Raising rates only breaks the middle class while big corp controls the markets and prices; making billions in record profit
The possibility of using a dirty bomb in conflict areas confronts the tactical use of the nuclear bomb that burns Europe and this is America's hidden goal
The Fed Reserve doesn’t need to make the effort to slow the economy; the economy will have the air come out of the bag as the January recession follows Christmas. The GOP will take control of Congress in time to reinstate Trump policies and curtail the economic woes by June 2023.
It's decisions depend on how it reads or interprets what's happening. Whether accurate or not, the decisions will be made. The OUTCOME depends on how accurately it understands what's happening.
Fed Chair Powell isn't just trying to 'slow' the economy. Powell is intent on crashing the US economy and drive millions of Americans into unemployment lines. All before the 2024 presidential election. Maybe this is what Trump is waiting on before he announces his running.