Do The BLS JOLTS Number Suggest A Peak?

About this time every month, the Bureau of Labor Statistics (BLS) releases its accounting of what is known as the Job Openings and Labor Turnover Survey (JOLTS). The JOLTS and related figures released by the BLS provided some conflicting evidence on whether the economy is peaking or just starting to enter a boom. JOLTS Here’s a look at the JOLTS figures from 2001 to March 2015. Interestingly, JOLTS are now 400K above where they were at their previous peak of March 2007 of 4.662 million, suggesting that the U.S. labor market may be peaking. Adding further credence to this theory…