HKS Affiliated Authors


November 1, 2022, Audio: "We got fresh job openings and labor turnover data today, courtesy of the Labor Department. Employers advertised 437,000 more jobs in September than they did in August. There are now 10.7 million open jobs out there, which is still a lot.  And about 4.1 million people quit their jobs in September, which is also still a lot, although less than earlier this year. That’s a good thing, depending on who you ask. Remember, if you’re [Federal Reserve chairman] Jerome Powell, you want those numbers to come down — a cooling labor market equals cooling inflation. At least that’s the theory."