FED behind in raising interest rates

Job openings in the private sector is a good indicator of the economic state. Lots of openings means that companies are hiring but it may also mean that there are not sufficient labor force available to fill the jobs. This leads to wage growth and inflation. Not surprisingly, FED will tend to raise rates in tandem with job openings. In this recovery cycle, FED is woefully behind the curve:

Those who expect that FED will not raise rates as they are indicating, may be surprised later this year.