This is fantastic!!. Job openings could also add fuel to the wage price spiral, as folks are more likely to get a pay raise when they change jobs, compared to their existing jobs.
That's something I'd be watching, to see a net negative in Job openings.
Absolutely! On several occasions I've highlighted how job-switchers tend to generate a strong increase in their wages/salary, which is why I've also been following the quits rate as a representation of a rising wage-price spiral. Good point on JOLTS.
This is fantastic!!. Job openings could also add fuel to the wage price spiral, as folks are more likely to get a pay raise when they change jobs, compared to their existing jobs.
That's something I'd be watching, to see a net negative in Job openings.
Pascal! Thanks for the comment.
Absolutely! On several occasions I've highlighted how job-switchers tend to generate a strong increase in their wages/salary, which is why I've also been following the quits rate as a representation of a rising wage-price spiral. Good point on JOLTS.
On point Bro... On point 👍