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News & Views

Provided by the Investment Professionals of Frost Investment Advisors | May 17 , 2021

Another Jolt on Jobs

The pace of economic reopening continues to pressure the jobs market. In fact, the U.S. Bureau of Labor Statistics delivered another surprise on employment last week with its Job Openings and Labor Turnover Survey (JOLTS) report, which reached an all-time high of 8.1 million job openings on the last business day of March. In other words, there are a lot of companies across the economy that are looking for workers, and this suggests the disappointing payroll number from a week earlier was likely an outlier. 
 

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