One month after the "catastrophic" July JOLTS report presaged the ugly August jobs report, which in turn prompted the Fed to cut a "jumbo" 50bps and spooked markets that a recession may be imminent, moments ago the BLS reported that in August (as a reminder, the Job Openings and Labor Turnover report lags the Payrolls report, which is due on Friday, by one month), job openings unexpectedly jumped by 329K from an upward revised 7.711 million in July (up from 7.673 million) to 8.040 million in August, smashing the median estimate of 7.673 million, and coming above the highest Wall Street estimate.