JOLTS

Economists say the supply of jobs and workers is coming into better balance than during the labor shortages of the pandemic.

The data suggest the job market could be returning to more normal times after an exceptional period of hiring new employees.

So government stats on job openings may not be telling us much.

A more stable, less swingy labor market, as reflected in the latest JOLTS data, is usually good news.

Federal data also shows fewer people quit last month, bringing rates back in line with pre-pandemic levels.

Fewer workers are quitting their jobs and employers are hiring less. So are we in for “Wheel in the Sky” or “Bad Moon Rising”?

The number of openings decreased for the third straight month in March, but it’s still historically high.

Job openings fell by more than 1.3 million in January and February, according to fresh data, but are above pre-pandemic levels.

Fewer job openings in normal times might be not great news, but right now, it is — cautiously speaking — a good sign. 

There are fewer job openings and fewer people are quitting jobs — signs that the Federal Reserve’s interest rate hikes are working as intended.