U.S. Job Openings Reach Record High 9.2 Million in May

The video discusses the importance of labor market indicators, highlighting recent trends and revisions. It explains the challenges employers face in attracting workers, which could lead to inflation. The data provides insights for the Federal Reserve's tapering decisions. Despite softer numbers, the market remains unsurprised, with data starting to fade, as seen in recent ISM services data.

How does the revision of last month's labor market number impact the current expectations?

What does the current labor market situation indicate about employers' struggles?

In what ways could the current labor market conditions be inflationary?

What clues does the labor market data provide to the Federal Reserve regarding its tapering strategy?

How is the market reacting to the data it is receiving about the labor market?