Today’s JOLTS report shows that the Fed did the right thing by lowering rates
Below, EPI senior economist Elise Gould offers her insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS) for August. Read the full thread here.
Labor market churn continues to decline in August as hiring stays soft and quits tick down while layoffs remain low. After a lot of job switching two years ago, workers are staying put.
Latest #JOLTS report from the BLS: https://t.co/dXEZgZoGFw pic.twitter.com/1kMjRvlFL7
— Elise Gould (@eliselgould) October 1, 2024
Today’s JOLTS report shows that the Fed did the right thing by lowering interest rates in September. With the hires rate softening, rate cuts are needed to mitigate any additional weakening.
— Elise Gould (@eliselgould) October 1, 2024
Enjoyed this post?
Sign up for EPI's newsletter so you never miss our research and insights on ways to make the economy work better for everyone.