Divergence Between JOLTS and Payroll Data Is ClosingJanuary 17, 2014
We have noted before the strange divergence between the JOLTS employment data and the monthly nonfarm payroll employment data before. The latest JOLTS data indicates that this spread is closing.
In other US economic news, industrial production rose 0.3% MoM in November, in line with expectations. Capacity utilization rose to a 67-month high in December to 79.21.