The JOLTS report for May was just released. Points to watch for include these three charts.
The sector tracking shows where the jobs are. Construction is showing strength in openings -- something that we should consider in terms of recent data on lower spending. Activity hurt by shortage of skilled labor?
And finally, the little-understood Beveridge Curve. Here is the BLS interpretation:
Most observers incorrectly interpret this report as just another measure of job growth. It is really about labor market structure, changes, and possible tightness.