You will never guess in which direction the September blowout 9.553MM jobs openings were revised

December 5, 2023 2:44 pm by CWR

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Also: Jobs data tends to lag, indicating the situation might be worse than the market currently anticipates.

Paradoxically, this is bullish for the near future as the market is eager to price in the cuts.

TLDR: Bad news is good news.

— Phoenix Capital (@PhoenixCapitalH) December 5, 2023

See also Payrolls fell 260,000 despite adding 143,000 jobs; worst unadjusted September. Discrepancy will affect NFP significantly.

See also US Jobs Surge! BIG Fed Policy Error Or Gov’t Election Manipiulation? (785,000 Gov’t Workers Added In September)

Job openings/S&P500

h/t Tonight We Ride!

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