Chart of the Day

While it's good sport to profess that the U.S. jobs market suffers at the hands of outsourcing to technology and offshoring to cheaper foreign labor markets, by some apparent miracle the U.S. jobs market remains remarkably robust.

This mornings Job Openings and Labor Turnover Report (JOLTS) once again shows that the U.S. economy currently sports more job openings than it does unemployed folks to fill them.

Here's our total job openings chart (red areas highlight recessions):  click to enlarge...