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Just when the Fed thought that the White House had instructed Biden's Department of Labor to go easy on the fabricated data, and after several months of declining job openings and easing payrolls in line with an economy that is gradually slowing if not outright falling into a recession, moments ago the BLS absolutely shocked and stunned markets, strategists and economists when the DOL decided to come up with the biggest data fabrication in years, and reported that in August job openings exploded from 8.827MM to a mindblowing 9.61 million. The increase, a staggering 690K (from the upward revised July print of 8.920MM), was the biggest monthly increase since July 2021 (!)…

… and a 5-sigma beat to expectations…

… of 8.815MM, the biggest such "beat" since Sept 2022.

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