Companies Will Not Hire to Fill Record Job Openings [Eurodollar University, Ep. 177b]

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3 years ago

-----EP. 177b SUMMARY-----
US Job Openings are near record highs, suggesting a rip-roaring economy. But Hires are nowhere near the same heights, suggesting a lousy economy. On the other hand, quits are at record highs, suggesting great opportunities for employees to upgrade. How to reconcile the conflicting signals?

-----EP. 177b TOPICS------
00:00 INTRO: Initial claims for unemployment benefits in the USA are at 52-year lows; all clear?
01:08 US Job Openings for October are near all-time highs; incredible and unbelievable!
02:22 US Job Hires are high (unadjusted), good (adj.) and ugly (relative to US Job Openings).
07:49 US employees are quitting in record numbers; in the Covidica era is that a good thing?
10:57 Various economic accounts in the United States has stalled since the summer of 2021.
12:28 Franklin D. Roosevelt delivered a blistering government response to the Great Depression.
15:36 The increase in oil and gasoline prices may have put the kibosh on economic activity.
17:56 OUTRO: We expected reflation in 2021 but that's not what we got, since March-to-May.

----EP. 177b REFERENCES---
A Global JOLT(s) In July: https://bit.ly/31JGQrJ
Jobless Claims Slump to 52-Year Low: https://bit.ly/3IELyIg
Alhambra Investments Blog: https://bit.ly/2VIC2wWlin
RealClear Markets Essays: https://bit.ly/38tL5a7

-------SHOW SPONSOR-------
Macropiece Theater with Emil Kalinowski (a/k/a Alistair Cooke, a/k/a Alistair Cookie) reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more. Interesting people write interesting things, why not listen and hear what they have to say? You could do worse things with your time (i.e. Bloomberg, CNBC, et cetera). Recent readings include thoughts from: Adam Smith, Arthur Schopenhauer, Bank for International Settlements, George Friedman, J.P. Koning, Jean-Paul Sartre, Karl Marx, Liberty Street Economics, Lyn Alden, Maroon Macro, Matt Stoeller, Michael Pettis, Myrmikan, Perry Mehrling, Robert Breedlove, Rohan Grey, Velina Tchakarova and yes, even Jeff Snider.

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---------THE TEAM---------
Jeff Snider, Head of Global Investment Research for Alhambra Investments. Illustrations by David Parkins, myth maker. Audio and video editor, The Terence. Logo design by pixelist Lisa Jiang. Master of ceremonies, Emil Kalinowski. Musical intro/outro is "Sleds" by Cushy found at Epidemic Sound.

------FIND THE TEAM-------
Jeff: https://twitter.com/JeffSnider_AIP
Jeff: https://alhambrapartners.com/author/jsnider/

Emil: https://twitter.com/EmilKalinowski
Emil: https://www.EuroDollarEnterprises.com

David: https://DavidParkins.com/
Terence: https://www.VisualFocusMedia.com

Lisa: http://Lisa-Jiang.com/
Lisa: https://twitter.com/@Nylonnerves

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