Job Openings Plunge By Most Since Covid Crash, Remain Stubbornly High: Nearly 2 Openings For Every Unemployed Worker

True Pundit July 11, 2022

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After recent reports that the US labor market had suddenly hit a brick wall, with mass layoffs surging…

… and job openings according to third-party trackers such as Revello showing that total job postings plunged by 22.5%, the biggest change on record…

… many were looking to see if these dismal trends would be confirmed by today’s closely watched JOLTs report, arguably the Fed’s favorite indicator of labor market softness (or tightness as the case is right now).

Well, for the second month in a row that did not happen, and instead the two-month delayed JOLTS report showed that in May, job openings did plunge by a whopping 427K, the biggest revised one-month drop since the covid crash, to 11.254 million but the drop was from a bigly upward revised 11.681 million in April (originally 11.4 million), the second highest print on record.- READ MORE

Categories: News

Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

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Mike August 2, 2025

HOT WIRE — Transcript IC U (Part 2)

TRANSCRIPT from previous show 00:00:01,300 –> 00:00:46,840 Welcome back, folks. Hotwire, and we’re doing… I got this weird glare, like almost like a lightning bolt that’s coming down from heaven right through the middle of my head. So trying to, uh, stop that glare, and, uh, hopefully we did it. But anyway, maybe it’s a,…

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Mike March 2, 2026

Hot Wire — Back to the Future (2008-09) (2020-21) & How to Beat The Man Thru 2035

************* Let’s do an exercise I’m a middle class American. where can I expect to be in 10 years. provide a year by year breakdown what will happen to my assets. I have 400,000 in the bank As a middle-class American with $400,000 in the bank, your position in 10 years (by 2035) will largely…

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Mike September 25, 2025

(PREMIUM) PAINE IN THE MORNING: What you need to know this Thursday – July 7, 2022

There is also an ad free audio version of this episode you can listen to HERE (old school audio) Or You can listen BELOW (newer audio feed) Revolt! Farmers get tough against climate rules threatening livelihoods – Dutch farmers used tractors to block roads and supermarket distribution networks to protest government-mandated emissions reductions that threaten…

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True Pundit July 7, 2022

(FREE) PAINE IN THE MORNING: What you need to know this Thursday – July 7, 2022

There is also a full, ad-free video podcast of this broadcast available to Paine.TV members HERE. Learn more about joining our community HERE. Revolt! Farmers get tough…

True Pundit July 7, 2022

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