Yesterday’s JOLTS report showed jobs openings had fallen below the number of people seeking jobs for the first time since before the pandemic. A good deal of the ‘American Exceptionalism trade’ has been predicated on the notion of a resilient, almost recession-proof, U.S. labor market, but today’s JOLTS report is a crack in that foundational idea. It is too early to say that this dynamic is gone forever, but Friday’s jobs report just became even more important to investor confidence in the U.S. economy.
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Review & Preview: Stocks Rally on Mounting Fears About Jobs
Published 2 months ago
Sep 5, 2025 at 12:00 AM
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