Taps Coogan – December 9th, 2022

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Don’t let November’s relatively strong Jobs number fool you, the labor market is starting to roll over as the following chart from JP Morgan via Acemaxx Analytics highlights.

While there is still a lot of room for the ratio of job-openings-to-job-seekers to decline before it gets to concerning levels, it only took a year-and-a-half to go from the recession lows in 2020 to the highs we are coming off right now. Don’t doubt that we can’t fall back to new lows just as quickly.

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