Job Openings and Labor Turnover Summary

#JOLTS data point to continued US labor market improvem. Should ease any concern about sharp slowdown in job growth

If there is one thing I hope people can take away from my financial posts.

Prime Age Labor Force Growth Matters!

We peaked in 2007 and we are slowly growing this data line again.

A must read from Calculated Risk:
Demographics and GDP: 2% is the new 4%

http://www.calculatedriskblog.com/2015/02/demographics-and-gdp-2-is-new-4.html

‪#‎NFIB‬: US small companies have more unfilled job openings than any time since 2006.

Labor force growth matters! A big mistake by the Great American Recession II crowd from 2009-2016 was that they mistook a soft demographic patch to be something very sinister and created by the Fed Frankenstein.  When in reality, we had a weak prime age labor force growth cycle that started in 2007, right when the Great Recession hit.

Hence why some of us like the mock their economic calls from 2009-2016.

The U.S. Economy Is About To Crash!!!!

https://loganmohtashami.com/2016/04/01/the-u-s-economy-is-about-to-crash/

Does this move the Fed to hike soon? I still believe that we need to see more inflation for the Fed to hike, something I recently discussed here.

Fed Rate Hikes Need More Inflation

https://loganmohtashami.com/2016/04/15/fed-rate-hikes-need-more-inflation/

However, slow and steady has been the right call on most things economic related in this cycle.

Logan Mohtashami is a senior loan officer at AMC Lending Group,  which has been providing mortgage services for California residents since 1987.