Data Round-Up: JOLTS Underscore Healthy Labor Market; Inventory Takes Bigger Bite of 16Q2 GDP

posted by Michael Lewis on July 12, 2016

Found in US, categorized in Macro

Tags: michael lewis FMI June NFIB Small Business Optimism Index May JOLTS May Wholesale Book-Value Inventories

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Job openings remain very high: in June, 29% of firms reported positions that they were unable to fill. Almost half of firms said they have few or no qualified applicants.


Small firms remain guarded in their outlook. Many continue to encounter difficulty hiring qualified workers, and have been increasing compensation faster than they had planned. Also, not surprisingly after payroll job growth slowed to virtually nil in May, JOLTS data also suffered (though it is based on a different survey). Still, the key JOLTS indicators remained within the narrow, healthy range of the past few years. Overall, today’s data underscore FMI’s conclusions in the wake of the June payroll rebound: labor market trends have moderated to still-healthy and, we believe, sustainable pace.

About Michael Lewis

Michael Lewis

Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.

FMI has compiled a solid record of timely, independent and accurate economic forecasts.  FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.

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