Gavekal Capital: JOLTS and Initial Claims data add to employment slowdown fears

Thursday, October 24, 2013

JOLTS and Initial Claims data add to employment slowdown fears

The level of job openings has now been been basically unchanged since February.
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The job openings data may be signalling a stalling out of employment.
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Initial jobless claims fell by 12k but the prior week was revised up by 4k. More concerning is the four-week moving average is now over 40k higher than it was in September.

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