Big Red Car here with a prayer on my lips for the Carolinas and the impending Florence hurricane. Evacuate if y’all are along that coast. Do not risk your life to ride it out.
So, one of the most interesting elements of the current economy is the status of jobs and job openings. Unfortunately, we do not have sufficient data to track this back through prior business cycles because the data was simply not collected back in the day.
There are four data points of interest:
1. Job openings – positions for which a company is seeking an immediate hire
2. Hires – former job openings for which a company made a hire
3. Quits – current employees who voluntarily left a job with a company
4. Layoffs and discharges – company terminated jobs and firings