Free Trial
COAL

South African Coal to Europe Soars H1

US EURODLR OPTIONS

BLOCKs, Sep Quarterly Put Fly

BRAZIL

BofA Raise 2022 Growth Estimates

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: U.S. Staffing Firms Say Job Openings Data Inflated

(MNI) Washington

Job openings data provide smokey signals in inflation fight, staffing firms and economists warn.

U.S. jobs openings data is inflated and policymakers shouldn't rely on it as a key guide for the path of interest rate policy, staffing companies and economists at labor market data firms told MNI.

"Duplicate listings, sponsored jobs, and syndication is going on and that has been accelerating in the last five to ten years in the recruitment advertising industry," said Toby Dayton, CEO of LinkUp. "The JOLTS data and the government data unfortunately also has some of those inflated numbers," he said, suggesting it could be inflated by around 2 million openings.

Keep reading...Show less
734 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

U.S. jobs openings data is inflated and policymakers shouldn't rely on it as a key guide for the path of interest rate policy, staffing companies and economists at labor market data firms told MNI.

"Duplicate listings, sponsored jobs, and syndication is going on and that has been accelerating in the last five to ten years in the recruitment advertising industry," said Toby Dayton, CEO of LinkUp. "The JOLTS data and the government data unfortunately also has some of those inflated numbers," he said, suggesting it could be inflated by around 2 million openings.

Keep reading...Show less