"Assessing the Stability of the US Labor Market: Job Openings, Quits, and Market Demand"

Despite evidence suggesting that the labor market has stabilized, including a decrease in quits and a labor leverage ratio indicating a willingness to leave jobs for higher pay, other data paints a different picture. Job openings may not be as real as they seem, with analysts suspecting an increase in fake openings during the pandemic. Additionally, wage data from the Atlanta Fed shows that not everyone is keeping up with inflation, and over 100% of the increase in employment since 2020 is attributed to foreign-born workers. The surge in government jobs to handle immigration further challenges the notion of a strong job market, indicating potential underlying weaknesses.