News about job, US

Big news in JOLTS: Job openings per unemployed back to what they were prior to COVID. This (plus openings alone) were the main labor market variable that had been shown more tightness than pre-COVID. (One can argue how tight pre-COVID was and trends in openings, but still.) pic.twitter.com/BnC6t2xjsZ

April job openings fell to 8.06M vs. 8.35M est. & 8.36M in prior month (rev down from 8.49M); lowest since February 2021 pic.twitter.com/9GZeRp51Tm

Wage and salary growth has reaccelerated, with 6-month annualized change picking up to +5% as of April pic.twitter.com/D9QNdNNYNH

Good news: The labor market looks similar to pre-pandemic days again. Unemployment remains low. Jobs are still (decently) plentiful. But labor supply & demand are more in balance (which Fed Chair Powell wanted) April 2024 job openings: 8.1 million April unemployed: 6.5 million… pic.twitter.com/rP14J1agim