[Wyatt's Torch]

Here's an job market measure we haven't talked about much:

[M Kehoe]

Good afternoon.

That is an interesting chart. Haven't seen that before.

Depending how accurate it is, much can be inferred from the data. For example, looking at the "quits," one can infer that the macro effect of a relatively constant retirement rate would yield important information for the SSA (i.e. cash flow, cost of living adj, etc.).

Another example is how the "job openings," roughly correlates with GDP. Like I said, interesting graph.

5.56mm

[expat_panama]

from the article:

" ...the data is (sic) noisy month-to-month, but the general trend suggests a gradually improving labor market.  It is a good sign that job openings are over 4 million for the second consecutive month, and that quits are increasing..."

imho even if the grammar sucks the math looks good.  Just the same we still need to keep in mind the cumulative totals that show up in the total employed/workforce/population numbers --numbers that don't come out as upbeat.