Shocking Drop In Job Openings After Massive Downward Revision; Quits Plunge To 8 Year Low
Last month, when Kamala Harris still had some chance of winning the election, we were not surprised to learn that according to the extremely political Bureau of Labor Statistics, in August the number of job openings unexpectedly soared from an upward revised 7.7 million to 8.040 million, which was not only a 3-sigma beat to expectations, but was also above the highest Wall Street forecast. Fast forward to today, when Kamala's chance of winning are effectively zero - as even the suddenly apolitical Jeff Bezos now admits - and shockingly moments ago the BLS reported that in September, the number of job openings plunged from over 8 million to just 7.4 million, the lowest since early 2021...
... a staggering 6 sigma miss to expectations, and a number which came below the lowest estimate; in fact as shown below, in just one month we have gone from a staggering beat to one of the biggest misses on record!
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