Unpacking a big week for US economic data

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This week is one of the biggest we’ve had in a while for economic data releases.

In the spirit of all this data, let’s run through some charts and takeaways. 

JOLTS report

On Tuesday we received the Job Openings and Labor Turnover Survey (JOLTS) report. It was a mixed one.

On one side, we saw job openings miss to the downside and begin to roll over after a few months of positive surprises:

On the other side, we saw the quits rate actually increase, hinting at increased confidence in the jobs market by individuals willing to quit their jobs and find something better…

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