The Job Openings and Labor Turnover Survey for the month showed available positions at 10.46 million, with the number of available jobs STILL almost numbering 2 open jobs for every available workers.
As a share of the labor force, job openings remained at 6.4%, indicating demand for workers is still high despite the Fed’s efforts to cool the economy and bring down inflation, which has been driven partially by rising wages.
The odds of the Fed pulling off a soft landing and entirely avoiding a recession remain strong, and this could be the beginning of a New Year's Rally.
https://www.cnbc.com/2023/01/04/jolts-report-november-2022.html
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