⚠️CHART OF THE WEEK: Most of the US job openings data is simply made up

The response rate for the US job openings survey is just ~33%, near the lowest on record.

January 11, 2025

The response rate for the US job openings survey (JOLTS) has been around 33% over the last few months, near the lowest on record.

This means 67% of data is simply guesswork or made up.

Such a low response rate of firms has been a major reason behind massive downward revisions to job openings data over the last 2 years.

The Bureau of Labor Statistics data is far from ideal.

More about the US job market in the below analysis (update to that will be released early next week):

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