The U.S. job openings data dropped this morning and exceeded expectations by 1 million. The labor market remains exceptionally tight, favoring workers who are searching and making it difficult for companies who are seeking to hire and retain talent. Stay tuned on this subject! Next month we're publishing are Q3 Macroeconomic Trends Analysis (META) report, which looks at how the labor market intersects with pro AV. Hint: it's tough, especially for retention.
Economist, AVIXA
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Interesting to note that this same day the stock market pulled back pretty massively. While more jobs may seem to be great news for employees, it can create more concerns over the rising labor costs to employers and possible long-term impacts to productivity. What's your take there, Peter?