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JOLTS – December 2015

Job openings surged in December, foretelling perhaps January’s surge in the labor participation rate. Openings came in at 5.607 million, well up from a revised 5.346 million in November. The openings rate jumped 2 tenths to 3.8 percent and compares with 3.4 percent in December 2015. The layoffs rate, portending the decline in the unemployment rate, fell 1 tenth in the month to 1.1 percent. This is a strong report and a reminder that the labor market continues to move to something called full employment, defined by convention as the flashpoint for wage inflation.

And in an indication that workers are moving up to better jobs, the quits rate rose 1 tenth to 2.1 percent. The number of quits is now higher than in December 2007 (2.8 million), the first month of the recession.

By |2016-02-09T15:12:49+00:00February 9th, 2016|Categories: Lagging|Tags: |0 Comments

About the Author:

Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office. Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license. Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.

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