The Bureau of Labor Statistics (BLS) produces a monthly report of available job openings. The Job Openings and Labor Turnover Summary (JOLTS report) shows the number of available jobs at a captured moment in time. This JOLTS report [DATA HERE] is a summary of the last day in June.
As you can see within modified Table-1, the number of available jobs dropped by 605,000 in this report.
Hires and separations were little changed, so too was the number of people who quit their jobs. The big change in this JOLTS survey was the removal of available jobs. Employers cancelling job openings.
BLS – “On the last business day of June, the number and rate of job openings decreased to 10.7 million (-605,000) and 6.6 percent, respectively. The largest decreases in job openings were in retail trade (-343,000), wholesale trade (-82,000), and in state and local government education (-62,000).”
If we monitor the JOLTS report as an indicator of employment strength reflecting the general pattern of consumers, we can see a pullback in both the goods and service sector.
Retail job openings dropping 343,000 as consumer spending tightens even more due to inflation, and now we see the service side with leisure and hospitality dropping 91,000 openings.
Yesterday it was obvious the White House was attempting to diffuse the aggressive grievances of Beijing when spokesperson John Kirby, technically the NSC Coordinator for Strategic Communications,
“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”
Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.


