AmazonTania
1 Percenter Wannabe
Why do you think the issue is with the CES rather than JOLTS?
It makes no sense to think JOLTS is a more accurate indicator.
I'm not suggesting that. This is not the first time this has happened. In the 13 years of JOLTS reporting, this has only happened during the Financial Collapse and during the the collapse of the NASDAQ bubble. But these large divergences happened during an economic contraction. This is suppose to be an expansion of the economy. I could be wrong, and CES could be accurate but the jobs being created are consistent of an economy which is contracting, not expanding.
It could be the updated Beveridge Curve. The new normal beveridge Curve is not the same as it was before.
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