Labor Market Continues To Deteriorate: Job Openings Tumble, Fewest Hires Since 2014
by Tyler Durden
ZeroHedge.com
Jul 12, 2016
It wasn’t just job opening which disappointed in May: so did the far more important, in our opinion, number of hires. In May, the BLS reported that the number of total hires was only 5.036MM, the third month in a row of declines, and the lowest print since November 2014 as suddenly employers clamped down on new (seasonally-adjusted) hiring.
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