The Fed's job openings and labor turnover survey:
- Prior was 7367K
- Quits 3508K vs 3383K prior
- Separations rate 3.7% vs 3.8% prior
- Layoffs and discharges 1.0% vs 1.2% prior
All these numbers are very good. This is March data though and the non-farm payrolls miss was in April though. I maintain that everything shows the April report is an outlier, or a result of seasonal adjustment problems. There are plenty of jobs in the US (wages might be another story).
