JOLTS create a JOLT but...

Understanding that this data point is somewhat dated and has its flaws, the number of job openings in August totaled 9.61mm, up from 8.92mm in July and above the estimate of 8.82mm (29 sellside estimates vs 69 for monthly payrolls). This figure peaked at 12.03mm in March 2022 and is now less than 10mm for the 6^th month in the past 7.

While job openings rose, the hiring rate stayed the same at 3.7% which is the lowest since immediately seen during the shutdowns in April 2020. The quit rate at 2.3% was also unchanged m/o/m, at the lowest since it was previously seen in January 2021.