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Shocking JOLT: Biggest Crash In US Job Openings On Record (Outside Of Global Covid Lockdown)

From zerohedge.com

Last month was a big surprise: as readers will recall, for the month of July, the BLS did not yet get the memo, and instead "Job Openings Unexpectedly Surged To Two For Every Unemployed Worker, Crashing Fed's Plans To Nuke The Job Market." Needless to say that made no sense, and as we warned at the time "this is not the first time the DOL was forced to manipulate data - we caught them almost a decade ago in a gaping disconnected between data series one which they were forced to subsequently admit was a mistake - and we expect that the BLS will do the same and completely revise both its JOLTS and labor market data." ... (full story)

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  • Category: Fundamental Analysis