July Labor Turnover Survey (JOLTS)

Author: , Post Date: September 9, 2020

TLR Analytics (TLRAnalytics.com)
September 9, 2020 – A nice mention from The Liscio Report, Philippa Dunne, and Doug Henwood. Excerpt below:

In this morning’s Job Openings and Labor Turnover Survey for July, total job openings rose a statistically significant 0.3%, with twelve of components making that bar, and fifteen left out. Interesting that overall +/-0.2% is significant, but in construction +/-0.9% is necessary, and in accommodations and food services the bar is +/-0.7%. The largest increase was in construction, up 1.1%, followed by retail, +1.0%, and private educational services, +0.8%. The largest decline was in leisure & hospitality, -0.9%, with arts & entertainment down 1.3%, and accommodation & foods services down 0.8%. Increases were statistically significant in the South and Midwest.

There’s a widening divide between those who think the economy is improving faster than expected, and those of us who are waiting for another shoe to drop. David Kotok and his team at Cumberland Advisors put together a series of Beveridge curves last month we suggest you review. The turbulence is shocking, and part of the reason David is advocating for a revamp of the Marshall Plan to rebuild our country.

Take a deep breath, and wonder indeed where the dots will go.

Check out the The Liscio Report here and subscribe to ready today’s and future reports in their entirety.

Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.

cumber map
Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services. Please feel free to forward our commentaries (with proper attribution) to others who may be interested. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.