Exposing The Job Market Reality - Only Purple Squirrels Need Apply | Zero Hedge: "The point is that the difference between the number hired and the number of job openings is not merely shrinking, but has plunged to a negative half a million jobs. How can that be happening at the same time most headlines suggest the job market is strong?
When the number of job openings surges so much faster than economic growth, it results in a large and growing divergence between those ostensible job openings and authentic hiring. This is not an indication of a truly tight labor market. If it were, wages would be soaring, whereas wage growth has actually declined in real terms since last fall."
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