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Yellen Will Not Be Pleased: Job Openings Miss Most On Record, Tumble To 2015 Levels

Considered Janet Yellen's "favorite job market indicator", today's JOLTS report revealed an unpleasant headline print: in August the number of job openings tumbled by 388K, the most in 12 months, to 5.443 million, the lowest print since December 2015, and the biggest miss to expectations on record which stood at 5.727MM. One reason for the disappointing print may be that last month's data was revised substantially higher to 5.
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