The JOLTS Report Shows a Healthy Labor Market, Not a ‘Sluggish’ One
The March JOLTS report dropped Tuesday morning and the Associated Press immediately informed the nation that the labor market “remained sluggish.” That’s a strange way to describe a report showing hiring surged by 655,000 to 5.6 million , job openings held steady at 6.9 million, and the quits rate ticked up — all consistent with the March payrolls report that showed 178,000 new jobs and unemployment falling to 4.3 percent.
So, why does it look “sluggish” to the Associated Press ? It’s tempting to write this off as pure Trump Derangement Syndrome. There’s an overwhelming urge…
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