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If Janet Yellen Becomes The Next Fed Chair, We're All Gonna Have To Start Following The JOLTS Report

Sunday, June 9, 2013 - 7:25 AM
Fed-watchers think the frontrunner to replace Bernanke is fellow dove and current Vice Chair Janet Yellen.

Should that happen, financial market participants and economists may have to start paying attention to a report that usually goes overlooked.

Janet Yellen Follows The JOLTS Report - Business Insider
7
ShorebreakShorebreak2,600 posts since
Apr 6, 2010
Rep Points: 14,071
1. Sunday, June 9, 2013 - 7:56 AM
SB:  So how does this JOLTS report impact savers?  Can you give anymore info on which way Yellen goes with the report figures?   Thanks!
3
paoli2paoli21,364 posts since
Aug 10, 2011
Rep Points: 5,981
2. Sunday, June 9, 2013 - 8:29 AM
Re: paoli2 @ 1. Sunday, June 9, 2013 - 7:56 AM

It's not so simple as that. JOLTS, has no direct impact on savers. Ms. Yellen doesn't go with any one set of "report figures" as neither Bernanke, or any of his predecessesors, have done. JOLTS is just another report that the FOMC has available. Evidently, Yellen has deemed it a bit more important.

Please see:

Calculated Risk: BLS: Job Openings decreased slightly in March

Where Ms. Yellen, the Fed vice chair, breaks some new ground is on the definition of a “substantial improvement” in the labor market.  She has made clear that the unemployment rate and the pace of payroll employment growth are the primary indicators but watch out for the hire and quit rates. They are more timely and less volatile than payrolls and could be the measures to give us early warning that a “substantial improvement” is in sight.
6
ShorebreakShorebreak2,600 posts since
Apr 6, 2010
Rep Points: 14,071
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