The Kobeissi Letter(@KobeissiLetter):What is happening with the US job market? US job openings for June were revised down by -177,000 vacancies, their largest monthly downward revision since November 2025. This also marks the 3rd consecutive monthly downward revision. Furthermore, the number of hires for June was revised down by -16,000, while the number of quits was revised lower by -19,000. At the same time, the number of layoffs and discharges was revised up by +19,000. As a result, job openings have now been revised down in 38 of the last 43 months. US labor market data is becoming increasingly difficult to read with confidence.

2026.09.07 00:30

What is happening with the US job market? US job openings for June were revised down by -177,000 vacancies, their largest monthly downward revision since November 2025. This also marks the 3rd consecutive monthly downward revision. Furthermore, the number of hires for June was revised down by -16,000, while the number of quits was revised lower by -19,000. At the same time, the number of layoffs and discharges was revised up by +19,000. As a result, job openings have now been revised down in 38 of the last 43 months. US labor market data is becoming increasingly difficult to read with confidence.