I don't think I have anything useful to say other than for JOLTS it appears to be complicated. They still do appear to collect a lot of data, so it's not like the statistics should be getting noticeably worse. (Paper on it https://www.bls.gov/osmr/research-papers/2016/pdf/st160020.pdf )
So the gravity model suggests that big LFPR changes *in either direction* cause price-level/inflation-rate increases? !!
Why use series sans seasonal adjustments?
In the case of job openings (and only job openings) there was a weird fluctuation seemingly induced by the seasonal adjustment that I noticed initially here https://infoeqm.substack.com/p/jolts-update-2023-02-01
Any thoughts on the low response rate to JOLTS?
I don't think I have anything useful to say other than for JOLTS it appears to be complicated. They still do appear to collect a lot of data, so it's not like the statistics should be getting noticeably worse. (Paper on it https://www.bls.gov/osmr/research-papers/2016/pdf/st160020.pdf )
Thanks. Came across this one today:
https://www.minneapolisfed.org/article/2024/fewer-openings-harder-to-get-hired-us-labor-market-likely-softer-than-it-appears