Job Openings Are Vanishing... And That's Good News

U.S. job openings dropped below 10 million for the first time since May 2021... That might set off some alarm bells in your head at first. [Chaikin PowerFeed]( Job Openings Are Vanishing... And That's Good News By Briton Hill, analyst, Chaikin Analytics U.S. job openings dropped below 10 million for the first time since May 2021... That might set off some alarm bells in your head at first. After all, Americans need jobs if they want to buy stuff. And a jobs market with plenty of opportunities gives people leverage to pick the best ones. That's good for the economy. It means things are booming. So on the flip side, it would seem like fewer job openings is a bad thing. Companies don't hire as much during tough economic times. And the number of opportunities falls. That's not always the case... The U.S. economy has endured a tough few years – from the COVID-19 pandemic to supply-chain issues to high inflation. And almost everyone has experienced the pain in one way or another. So it makes sense that Americans are paying close attention to economic data today. They're focused on these reports more than ever before. But don't let cherry-picked data frighten you... A drop in job openings could be alarming on its own. And yet, when we combine that data with another factor, we see that the U.S. labor market is stronger than it seems at first... Recommended Links: [TOMORROW: 14% Cash Yields... 29% on the Horizon... Plus HUNDREDS of Percent Capital Gains]( It's a golden age for income investors. The very same forces (like inflation and high interest rates) that are making MOST of the market a painful disaster... are serving up the juiciest income yields in many, many years - in quality, low-risk stocks. Tomorrow, Dr. David Eifrig is laying out an easy-to-follow plan that could essentially pay for all your retirement expenses. Plus, he's sharing a FREE, live recommendation that's yielding nearly 8% today... and a whole lot more. [Click here for full details](. ["If I had to put ALL my money into ONE investment, THIS would be it"]( Top analyst goes on record: "This Is it: The No. 1 investment to buy today." For a short time, he's sharing the full details of the best investing setup he has seen in his 20+ year career. It's a rare opportunity that could make you 10 times your money, no matter what the market does next. [Click here for details before today's opening bell](. Let's start with the latest data on U.S. job openings... Every month, the U.S. Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey – "JOLTS" for short. And last week, it shared the updated numbers... According to the JOLTS data, the U.S. had roughly 9.9 million job openings in February. That was about 632,000 fewer openings than in January. And it was below Wall Street's expectations of around 10.4 million. The following chart shows the JOLTS data since late 2000. Job openings spiked after the COVID-19 pandemic. They reached a peak of more than 12 million in March 2022. As you can see, the number has decreased since then. Take a look... [Chaikin PowerFeed] But the thing is, one key piece of data is often left out when pundits discuss job openings... I'm talking about the number of people who are actually working. The U.S. Bureau of Labor Statistics also tracks this data. It's called the labor force participation rate. The labor force participation rate is simple to understand. It measures how many people of "working age" are in the workforce at any time. (The "working age" is 15 to 64 years old.) You can see in the following chart that this number plummeted at the start of the COVID-19 pandemic. Many people lost their jobs as the world came to a standstill. But folks, the labor force participation rate is climbing today. Take a look... [Chaikin PowerFeed] U.S. job openings are decreasing right now. And the labor force participation rate is increasing at the same time. In other words... more and more Americans are finding work. That should lead to increased economic productivity in the months and years ahead. And it's great news for the economy over the long term. It's easy to get caught up in the fears of cherry-picked economic data. But remember... The best buying opportunities often occur when everyone else gets scared. With a contrarian mindset, we can filter through all the noise... buy low... and hold on for the long term. Keep that in mind today. Good investing, Briton Hill Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 +0.28% 10 18 2 S&P 500 +0.03% 145 284 70 Nasdaq -0.64% 45 44 11 Small Caps +0.79% 403 1016 468 Bonds +0.21% — According to the Chaikin Power Bar, Large Cap stocks are more Bullish than Small Cap stocks. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Utilities +3.20% Health Care +2.25% Energy +1.74% Financial +1.35% Real Estate +1.16% Staples +0.84% Materials +0.79% Communication +0.45% Industrials +0.16% Discretionary -1.45% Information Technology -1.59% * * * * Industry Focus Retail Services 19 49 20 Over the past 6 months, the Retail subsector (XRT) has underperformed the S&P 500 by -5.79%. Its Power Bar ratio, which measures future potential, is Weak, with more Bearish than Bullish stocks. It is currently ranked #15 of 21 subsectors and has moved down 2 slots over the past week. Indicative Stocks [rating] QRTEA Qurate Retail, Inc. [rating] LESL Leslie's, Inc. [rating] CWH Camping World Holdin * * * * Top Movers Gainers [rating] KMX +9.64% [rating] MHK +5.70% [rating] CF +5.22% [rating] MOS +4.43% [rating] WHR +3.83% Losers [rating] MRNA -3.06% [rating] WBD -3.05% [rating] CTLT -2.71% [rating] NEM -2.29% [rating] MSFT -2.27% * * * * Earnings Report Reporting Today Rating Before Open After Close ACI KMX No earnings reporting today. Earnings Surprises [rating] PSMT PriceSmart, Inc. Q2 $1.05 Beat by $0.16 * * * * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, [click here](. You’re receiving this e-mail at {EMAIL}. For questions about your account or to speak with customer service, call [+1 (877) 697-6783 (U.S.)](tel:18776976783), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2023 Chaikin Analytics, LLC. All rights reserved. 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