Despite the sharp fall in job openings, September’s JOLTS data show a labour market normalising rather than rapidly deteriorating. With October’s payrolls gain likely to have been hampered by temporary disruptions, the Fed should feel confident to cut interest rates by 25bp at next week’s FOMC meeting.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.