Here are private sector job openings minus private sector quits, a stat I am for the time being referring to as new private labor demand. The idea is that an employer might be offer a new job because she wants to expand the workforce of because she lost a worker.
I want to pick up the expanding the workforce component.
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Wednesday ~ June 8th, 2011 at 12:46 pm
JazzBumpa
Does this data go back further than 2000? A longer term perspective is always helpful. How dos the ’07 peak compare to the norm in the 90′s? In the recent segment, I see about a 50% retracement of the decline from ’07, that is now beginning to languish, maybe. Note the last two mini-peaks. Of course, it’s only a coincidence about how this corresponds to the stimulus package.
Anyway, this looks as if ti could be a turning point. And not in a good way.
What do you see?
JzB