(Crankers) This could be really bad news for Kamala Harris heading into the week of the 2024 election. The Job Openings and Labor Turnover Survey, known as the JOLTS report, is saying that the number of job openings in America FELL, in September, to the lowest levels since January 2021. According to a report on MSN, this suggests that the labor market is easing and will likely continue to.
The specific numbers mentioned in the report say job openings went down 418,000, the lowest amount since back in January of 2021. The report on MSN, which was syndicated from Markets Reach, also said the following:
Economists polled by Reuters had forecast 8 million job openings. Hires increased by 123,000 to 5.558 million, while layoffs rose by 165,000 to 1.833 million.
“The September JOLTS report points towards continued labor market cooling, with notable drops in job openings and quits, and a sizable uptick in layoffs,” Julia Pollak, chief economist at ZipRecruiter, told FOX Business.
“Workers’ leverage in the job market has eroded significantly, with the labor leverage ratio (the ratio of quits to layoffs) dipping below pre-COVID levels for the first time since the pandemic recession, and falling about 50% since the peak of the Great Resignation,” she added.
The August data was also revised down to show 7.861 million unfilled positions instead of the previously reported 8.04 million job openings.
How will this impact the 2024 election? Will people see this abysmal JOLTS report as a sign of bad business coming from the Kamala Harris side of politics? Will more people prefer Donald Trump’s method of governing the country after seeing the bad information in the JOLTS report? Either way, the election is going to be very big and decide a lot of things for the future of America.
