I’ve seen some folks talking about how the meaning of JOLTS openings might not be consistent over time, and that something like quits is a more dependable indicator. Wonder what you think about that. In this chart (from Larry Summers) it sure looks like there’s less shifting going on using quits.
I’ve seen some folks talking about how the meaning of JOLTS openings might not be consistent over time, and that something like quits is a more dependable indicator. Wonder what you think about that. In this chart (from Larry Summers) it sure looks like there’s less shifting going on using quits.
https://twitter.com/lhsummers/status/1598064189591130113