Hiring Slows Down Despite Rising Job Openings?
The latest JOLTS report shows job openings rising to 6.95 million, beating expectations. But beneath the headline, the hiring rate is near the lowest level since 2013 and the quits rate is the lowest since 2014. This kind of cooling labor market data is exactly what the Federal Reserve watches and it can eventually influence mortgage rates and the housing market. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate
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