I think it's exaggerated reaction, although it is only a small reaction major indexes are around 0.5% loss, but the trajectory is downward, so we might see larger losses for today, also volatility is rising.
9.9m job openings is still a lot of jobs.
At 3.8% unemployment and the civilian labor force is 166m, so that means 6.3m ppl looking for work and 3.9m excess job openings (BLS actually says that only 5.1m want a job meaning 4.8m excess job openings which is even better).
Leave a Reply