It's not certain that the drop in job openings will _quickly_ turn into loss of jobs, i.e. TFA also says "layoffs rate dipped to 1.1% from 1.2%". Also, the yie

It's not certain that the drop in job openings will _quickly_ turn into loss of jobs, i.e. TFA also says "layoffs rate dipped to 1.1% from 1.2%". Also, the yield curve inversion is a strong indicator, but not a perfect one, and some of the recessions it indicated happened as far as 34 months out (according to some Credit Suisse report I can't really find anymore). We're sure to hit a recession at some point, but it's really hard to guess when.