The Are 10 Million Job Openings

The stock market is down a bit today, but not too much. As I write this, the Dow is off by about 100 points. Many of the old “reopening” stocks like Ross Stores (ROST) and Disney (DIS) are lagging today.

Bitcoin is above $46,000. That’s its highest price in nearly three months. Gold is moving higher after its sudden “flash crash” overnight. Gold dropped $60 per ounce in a few minutes earlier today. Robert Kaplan, top guy at the Dallas Fed, said they should start tapering soon.

This morning we got the latest JOLTS report. That stands for Job Openings and Labor Turnover Summary. It said that in June, there were 10.1 million job openings. That’s an all-time record.

Wall Street was expecting 9.28 million. This was the sixth-straight monthly increase. There are now more job openings than available workers. Quits rose to 3.9 million from 3.6 million.

Posted by on August 9th, 2021 at 11:02 am


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