This is a very distorted economy thanks to massive Federal government fiscal stimulus and Federal Reserve monetary stimulus.
Today’s JOLTs report (job openings) shows a record number of US job openings. And a record number of job quits. But the interesting bizarro number is job openings (10,049,000) versus US unemployed (7,674,000). The difference is 2.055 million more jobs than there are unemployed persons.
