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Nomura economists led by Lewis......>

US DATA PREVIEW
US DATA PREVIEW: Nomura economists led by Lewis Alexander said on today's 10am
ET US JOLTS data that "job openings have remained near record highs in 2017. In
July, job openings increased 54k to 6170k, the highest in the survey's history."
- They add that "much of the strength in job postings has come from leisure &
hospitality as well as accommodation & food services. However, as a fraction of
private employment, hires and separations in the survey remain subdued compared
to previous expansions. This sluggish labor market turnover has contributed to
lackluster productivity and wage growth and will likely persist over the medium
term."

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