Jonathan Levin, Columnist

JOLTS Report Is Stoking Volatility Again for No Good Reason

A report Tuesday suggested there were more US job openings than previously expected. Irrationally, financial markets plummeted.

October 3, 2023 at 6:05 PM UTC

By Jonathan Levin

Jonathan Levin is a columnist focused on US markets and economics. Previously, he worked as a Bloomberg journalist in the US, Brazil and Mexico. He is a CFA charterholder.

The government’s Job Openings and Labor Turnover Survey is highly fallible.
Photographer: Micah Green/Bloomberg

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A highly fallible government labor report just suggested that there are more job openings in the US than previously expected, and stock and bond markets are plummeting in response.

Haven’t we been through all of this before?