More Job Openings

The Job Openings and Labor Turnover Survey (JOLTS) published this morning shows that there are 5.8 million current job openings–up 40K from last month.  It’s higher in part because 59% of people that have been out of work for two years or more have given up their search.

And CoreLogic reports that home prices rose 1.8% last month alone, bringing the year-over-year value increase to 6.2%. This has been stimulated by low interest rates and fewer homes available for purchase.