March JOLTS job openings down to 8.488M vs. 8.69M est. & 8.813M prior (rev down from 8.756M) … lowest level since post-pandemic surge pic.twitter.com/0qs5OweLTu

April ⁦@ADP⁩ payrolls +192k vs. +180k est. & +208k in prior month … Information was only sector that with decline (-4k); otherwise, leisure/hospitality led +56k, followed by Construction +35k, Trade/Transportation/Utilities +26k, and Education & Health Services +26k pic.twitter.com/rPneQQH8D2

Job openings and quits both fell in March as a wide range of labor market indicators are consistent with a cooling economy--and a labor market that, broadly, is like where it was in 2019--with lower quits but higher openings (with a question of whether openings were trending up). pic.twitter.com/6fjPOvlGBB

The ECI came in well above expectations. And also an increase in wage growth for my preferred metric, private workers ex incentive occupations seasonally adjusted (a mouthful, and unfortunately not published by BLS). Up at a 4.2% annual rate in the first three months of the yr. pic.twitter.com/8ELEcciuBP