JOLTS total non-farm payrolls miss, falling to 7.673m versus 8.10m expected, confirming the US labor market has continued softening as the US Fed has remained "higher for longer". Historically there's been a reliable relationship between JOLTS payrolls and the S&P 500 price, though its become quite disconnected in the current cycle. Historically JOLTS payrolls declining have only proceeded official NBER recessions and it seems they're currently following the same pattern.
JOLTS payrolls and S&P 500 price seem to be disconnected