ETF Managers Group Bond Market Expert Bryce Doty in Forbes

Job Market Remains ‘Extraordinarily Strong’—Here’s Why That Could Be Bad News For The Economy

Despite economists predicting a second consecutive month of declines, job openings unexpectedly rose last month—signaling the labor market remains strong and that Federal Reserve officials may not be so quick to ease up on interest rate hikes that have investors increasingly worried about a possible recession.


There were 11.2 million open jobs at the end of July compared to 11 million at the end of June, according to the Labor Department’s job openings and labor turnover report released on Tuesday.

Job openings climbed the most in transportation, warehousing and utilities (up 81,000), followed by recreation, government and education, where openings climbed by 53,000, 47,000 and 42,000, respectively.
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