Open jobs made surprise jump in July

If you are looking for work, where should you look? Where are the gaps? Where is the strongest demand? Today's Labor Department report?–?known as the JOLT report?– shows there were 11.24 million open jobs in the entire labor market on the last day of July, well more than expected. That's close to 2 job openings for every 1 person looking. Some of the biggest increases in vacancies were in transportation, warehousing, and utilities?(+ 81,000), industries that saw an uptick in hiring in July (+ 21,000). Job openings in state and local government education rose (+ 42,000), even as hiring rose in those industries in July (+ 27,000). Looks like these industries are hiring?–?but they still can't find enough workers to fill all the available jobs. The government reports the August job numbers on Friday as we head into the Labor Day weekend. Analysts are looking for a gain of 300,000 new jobs across the labor force. Stay tuned. #hiring #work #job #education #vacancies #transportation #jobopenings #warehousing #localgovernment #utilities #jobs WorkingNation https://lnkd.in/gyfjW3vn

If you are looking for work, where should you look? Where are the gaps? Where is the strongest demand? Today's Labor Department report?–?known as the JOLT report?– shows there were 11.24 million open jobs in the entire labor market on the last day of July, well more than expected. That's close to 2 job openings for every 1 person looking. Some of the biggest increases in vacancies were in transportation, warehousing, and utilities?(+ 81,000), industries that saw an uptick in hiring in July (+ 21,000). Job openings in state and local government education rose (+ 42,000), even as hiring rose in those industries in July (+ 27,000). Looks like these industries are hiring?–?but they still can't find enough workers to fill all the available jobs. The government reports the August job numbers on Friday as we head into the Labor Day weekend. Analysts are looking for a gain of 300,000 new jobs across the labor force. Stay tuned. #hiring #work #job #education #vacancies #transportation #jobopenings #warehousing #localgovernment #utilities #jobs WorkingNation https://lnkd.in/gyfjW3vn

If you are looking for work, where should you look? Where are the gaps? Where is the strongest demand? Today's Labor Department report?–?known as the JOLT report?– shows there were 11.24 million open jobs in the entire labor market on the last day of July, well more than expected. That's close to 2 job openings for every 1 person looking. Some of the biggest increases in vacancies were in transportation, warehousing, and utilities?(+ 81,000), industries that saw an uptick in hiring in July (+ 21,000). Job openings in state and local government education rose (+ 42,000), even as hiring rose in those industries in July (+ 27,000). Looks like these industries are hiring?–?but they still can't find enough workers to fill all the available jobs. The government reports the August job numbers on Friday as we head into the Labor Day weekend. Analysts are looking for a gain of 300,000 new jobs across the labor force. Stay tuned. #hiring #work #job #education #vacancies #transportation #jobopenings #warehousing #localgovernment #utilities #jobs WorkingNation https://lnkd.in/gyfjW3vn

Nuveen Bear Tracker: Fed policy update In the third installment of Nuveen’s Bear Tracker — a tool we developed to help inform discussion and debate around this year’s bear market?dynamics — we’re focused on Fed policy and what investors should looking for in the wake of Fed Chair Jerome Powell’s Jackson Hole comments last Friday. Market participants hoping the 2022 bear-market bottom had been reached were thrown overboard like whitewater rafters hit by a Class V wave on the Snake River, a stone’s throw from where the world’s top central bankers met. Among the main obstacles for #markets: inflation remains at unacceptable levels and requires continued forceful policy measures. In other words: don’t expect a “pivot” from Fed navigators any time soon. The modest softening of but a few data points over the summer was simply not enough to convince central banks that inflation was truly under control. And given the resilience of the labor market, in particular, we suspect future #employment data to further reinforce the hawkish message from Jackson Hole. In fact, this morning’s Job Openings and Labor Turnover Survey (JOLTS) revealed that July’s data outpaced expectations by over 900k, putting the total number of #job openings back over 11 million, and the ratio of job openings to the number of unemployed people at 2:1 — matching the peak of the current employment cycle. With more employment data to be reported this week, investors should secure their rafting gear and prepare for further choppy waters ahead. The Fed will continue to make policy decisions based on incoming economic data, over an extended period of observation. And because the economy remains strong — strong enough to support the Fed’s aggressive policy stance — we are likely in for further rate hikes and potentially higher downside risks for markets. How are you preparing for higher rates and increased volatility? #LITrendingTopics

If you are looking for work, where should you look? Where are the gaps? Where is the strongest demand? Today's Labor Department report?–?known as the JOLT report?– shows there were 11.24 million open jobs in the entire labor market on the last day of July, well more than expected. That's close to 2 job openings for every 1 person looking. Some of the biggest increases in vacancies were in transportation, warehousing, and utilities?(+ 81,000), industries that saw an uptick in hiring in July (+ 21,000). Job openings in state and local government education rose (+ 42,000), even as hiring rose in those industries in July (+ 27,000). Looks like these industries are hiring?–?but they still can't find enough workers to fill all the available jobs. The government reports the August job numbers on Friday as we head into the Labor Day weekend. Analysts are looking for a gain of 300,000 new jobs across the labor force. Stay tuned. #hiring #work #job #education #vacancies #transportation #jobopenings #warehousing #localgovernment #utilities #jobs WorkingNation https://lnkd.in/gyfjW3vn

BLS: JOB OPENINGS "LITTLE CHANGED" AT 11.2 MILLION IN JULY The number of job openings was little changed at 11.2 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.4 million and 5.9 million, respectively. Within separations, quits (4.2 million) and layoffs and discharges (1.4 million) were little changed. This report is for July, and the employment report this Friday will be for August. Jobs openings increased in July to 11.239 million from 11.040 million in June. The number of job openings was up 4% year-over-year.? Quits were up 2% year-over-year. These are voluntary separations. COMMENTS ON JUNE CASE - SHILLER AND FHFA HOUSE PRICE INCREASES Case-Shiller National House Price Index "Decelerated" to an 18.0% year-over-year increase in June The MoM increase in Case-Shiller was at 0.33%. This was the smallest MoM increase since June 2020, and since this includes closings in April and May, this suggests price growth stalled in June. On a seasonally adjusted basis, prices declined in 7 of the 20 Case-Shiller cities: Seattle, San Francisco, San Diego, Portland, Los Angeles, Denver, and Washington, DC all saw price declines in the June report. PERSONAL OPINION It could mean that Q3 earnings may not be as bad as feared, Inflation (CPI) could have cooled a bit, and the economic pain could be visible in Q4 earnings.? (Source: Calculated RISK) #INVESTMENTBANKING #HEDGEFUNDS #OPEC #OIL #PORTFOLIOMANAGMENT #CEOS #CIOS #RISKMANAGEMENT #ASSETMANAGEMENT #FED #INFLATION #ECONOMY #INSTITUTIONALINVESTORS #CTA #CMEGROUP #LME #STOCKMARKET #EUROPE #ASIAPACIFIC #MARKETS #COMMODITIES #ECONOMISTS #PRIVATEEQUITY #MONEY #WALLSTREET #USD

#JOLTS numbers are out. And it looks like recession planning is off the table. Here are three takeaways of the report about different company sizes. 1. Enterprises with more than 5000 employees recorded the highest number of job openings in July. With 321k vacancies, job openings in enterprises increased by 18% over the month, accounting for almost half of the overall increase in job openings. The spike is big enough to compensate for slowdown in June, and bring the trend back to where it would be without last month’s cooling. The number of vacancies is 3.6 times the pre-pandemic average right now. And if trend continues, we would see the number of job openings to hit 4 times the pre-pandemic levels within months. 2. Despite a hiccup in hiring last month, large businesses resumed their hiring plans in July. Hires in large businesses with 1,000 to 4,999 employees bounced back strongly in July, increasing 24% over the month. Despite a spike in hiring in large businesses, the total number of new hires in the private sector decreased slightly due to a slowdown in mid-size businesses. It looks like recession planning is off the table for large businesses.? 3. Layoffs are on the decline for almost all business sizes but much more significantly in small businesses. July saw a record-low layoff rate (0.7%) in small businesses with 10 to 49 employees, where layoffs and terminations have been unusually low for months. In an extremely tight labor market where businesses are struggling to attract candidates, employers are holding onto the workers they’ve got, despite rising recession risks and business uncertainty. #bls #jobmarket #smallbusiness #largebusiness #enterprise #recession #jobopening #economy

The Fed might have to stamp down hard on the economy to cool off a red-hot labor market and bring inflation under control ...