Peter Berezin: JOLTS job openings surge driven by professional and business services

Peter Berezin: JOLTS job openings surge driven by professional and business services
JOLTS job openings concentrated in one sector

Peter Berezin highlights a significant jump in JOLTS job openings reported today, observing that most of the increase was concentrated in professional and business services.

Berezin notes that this surge is not corroborated by other indicators, including Indeed and LinkUp job opening series, which do not show a similar rebound. He also points to the latest CEO Confidence survey, which revealed that only 8 percent expressed positive sentiment.

Berezin has recently described the current AI bubble as primarily driven by earnings, not valuations. In a separate note, he commented that stable equity markets could diminish expectations for an upcoming surge in IPOs. These views add context to his latest comments on labor market signals.

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