The Small Business Optimism Index for August just hit an all-time high!
And now Job Openings have hit an all-time high as well. There are 660 thousand more job openings than unemployed Americans who are seeking a job.
And the “quits rate” just hit the highest level since the 2001 recession.
Call the highest quit rates the “Johnny Paycheck economy” where employees can say “Take this job and shove it.”
But don’t worry. The Federal Reserve will step in an throw cold water on the jobs fire with more rate hikes.