Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
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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