US Hiring Plummets Most Since June 2010, Fewest Hires Since Polar Vortex Ground Economy To A Halt
by Tyler Durden
ZeroHedge.com
10/07/2014
While according to the BLS survey employers have almost never had more open positions, they have also decided to put an abrupt stop to hiring, something which certainly points to a major disconnect in the US labor market. In fact, according to the JOLTS report, its far less tracked “Hirings” number plunged from 4,934K to just 4,640K. This was the lowest number of monthly hiring since January’s “Polar Vortex” ground the economy to a halt. What’s worse, the 294K plunge in monthly hiring was the biggest monthly drop since June 2010, and was the third biggest monthly plunge in hiring since Lehman!
The Rest…HERE
