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.
JOLTS Report Shows Job Openings Still Well Over Ten Million
Last week’s Job Openings and Labor Turnover Summary (JOLTS) report showed job openings on the last business day of September were 10.4 million — little changed from July. Supplemental federal unemployment insurance ran out in September, and we expect more people will be returning to work over the near term, but this number is concerning given that many industries are still struggling to find workers. It’s good news to see that the U.S. economy is strong enough to create the demand for labor. We’re eager to see the unemployed rejoin the labor force.
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