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US job opening data from the Fed
- Prior was 7348K (revised to 7248K)
This is a lagging indicator but the Fed likes it because it can help to confirm the trend in the jobs market. There’s a good argument that the jobs market was never as tight as believed because of all the prime-aged people out of the workforce. By that logic, the recent slowdown in hiring is a sign of economic weakness, rather than an economy at full employment.
This article was originally published by Forexlive.com. Read the original article here.