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  • Janet Yellen's "Favorite" Labor Indicator Tumbles: Job Openings Drop Most Since 2009

    10/16/2015 9:02:31 AM PDT · by SeekAndFind · 8 replies
    Zero Hedge ^ | 10/16/2015 | Tyler Durden
    One month ago, when the JOLTS data showed the highest number of job openings in history, rising by a near record 430,000 to 5.8 million vacant positions, most speculated that this data - considered to be Janet Yellen's favorite indicator of slack in the labor market now that the unemployment rate has become utterly unreliable due to the 94 million Americans out of the labor force - had sealed the fate of a September rate hike. It did not, as instead the Fed decided to shift to its 4th mandate (the 3rd being the stock market), namely the "global...