@velvetmystiqu
Job openings surprised to the downside at 7.18 million, below the expected 7.4 million.
When we contextualize that alongside how many unemployed people there are, we actually saw the jobs-workers gap go negative for the first time since the pandemic.
Although not an outright sign of recession (we spent the entirety of the 2010s in negative territory), it does highlight the relative weakness of the labor market.
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