USD JOLTS Job Openings
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
It's released late, but can impact the market because job openings are a leading indicator of overall employment;
- USD JOLTS Job Openings Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jul 2, 2024 | 8.14M | 7.96M | 7.92M |
Jun 4, 2024 | 8.06M | 8.37M | 8.36M |
May 1, 2024 | 8.49M | 8.68M | 8.81M |
Apr 2, 2024 | 8.76M | 8.76M | 8.75M |
Mar 6, 2024 | 8.86M | 8.80M | 8.89M |
Jan 30, 2024 | 9.03M | 8.73M | 8.93M |
Jan 3, 2024 | 8.79M | 8.84M | 8.85M |
Dec 5, 2023 | 8.73M | 9.31M | 9.35M |
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- USD JOLTS Job Openings News
In another sign of economic weakness, the amount of “looking for greener pastures” job hopping is below pre-pandemic levels especially in key sectors, 5 charts. The BLS Job Openings and Labor Turnover report shows continued weakness in opening, hires and separations. chart Recent data is for May 2024 thus lags the payroll report by about a month. Job Openings • On the last business day of May, the number of job openings changed little at 8.1 million. This measure was down by 1.2 million over the year. • Job openings decreased in ...
Job openings rose to 8140k in May from a downwardly revised 7919k in April. This is above the 7946k that was expected. We use the Indeed job website’s total job postings numbers as a guide when we put our forecast for job openings together and as the chart below shows, the series tends to fluctuate around where Indeed’s numbers are. The trend remains one of shrinking vacancy numbers with the US economy tending towards pre-pandemic levels and likely hitting that point before the end of this year. The quits rate was the big warning ...
The number of job openings changed little at 8.1 million on the last business day of May, the U.S. Bureau of Labor Statistics reported today. Over the month, both the number of hires and total separations were little changed at 5.8 million and 5.4 million, respectively. Within separations, quits (3.5 million) and layoffs and discharges (1.7 million) changed little. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. On the last business day of May, the number of job openings changed little at 8.1 million. This measure was down by 1.2 million over the year. The job openings rate was little changed at 4.9 percent in May. Job openings decreased in accommodation and food services (-147,000) and in private educational services (-34,000). The number of job openings increased in state and local government, excluding education (+117,000), durable goods manufacturing (+US job openings unexpectedly grew in May, reflecting a still resilient labor market The number of available jobs in the US unexpectedly grew in May, signaling continued resilience in the nation’s labor market. Job openings jumped higher to 8.14 million in May, from a downwardly revised 7.91 million in April, according to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) report released Tuesday. Economists had expected openings would fall to 7.91 million, according to FactSet consensus estimates. Despite the uptick in job postings, May’s JOLTS report reflected a significant milestone for the US labor market: The ratio of job openings to those who are unemployed fell to 1.22 available jobs per job seeker, matching the figure seen in February 2020. post: Job openings were revised down for April and held steady in May. The vacancy-to-unemployed ratio fell to 1.22 in May, the lowest since before the pandemic. https://t.co/OyExnUp1rz pic.twitter.com/QlJ6BBC2Yo
The sharp jump in US long-term interest rates has helped lift the greenback in recent sessions and it remains firm against most of the G10 currencies today. The Canadian dollar is the best performer, and it is nearly flat. The intraday momentum indicators warn that after a mostly consolidative Asia Pacific and European morning, the greenback may probe higher in North America. The US economic calendar features the JOLTS report on job openings, while auto sale will trickle in throughout the day. Headline risk comes from the ECB ...
Weak labor market data (JOLTS big miss) and mixed Orders (Manufacturing beat, Durables miss) sent 'hard' data' to its weakest since the start of the year.. chart ...and that 'bad' news was enough to spark another dovish leg higher in rate-cut expectations... chart BUT... and its a big but, stocks didn't love the 'bad news'. Small Caps were particularly ugly but an afternoon srge lifted the majors green but they could not hold all the gains... chart As David Rosenberg noted on X: "The fact that equities are not responding well ...
Risk appetite has been waning in recent weeks and Monday’s session saw initial strength slowly fade. This was especially apparent in the FTSE as it shed nearly –1.4% from its early high to close in the red. Weakness then followed through in early trading on Tuesday and both the FTSE and DAX are lower by another –0.5%. Currencies, meanwhile, are not reflecting the risk-off tone and the US dollar broke the May low briefly this week. This lifted EURUSD back to 1.09 and GBPUSD to 1.28. Dollar weakness is accompanied by a sharp drop in ...
On Wednesday (June 5), average cash earnings and overtime pay figures influenced buyer demand for the USD/JPY. Overtime pay decreased 0.60% year-on-year after falling 0.5% in March. Economists forecast overtime pay to decline by 0.9%. Average cash earnings advanced 2.1% year-on-year in April after increasing 1.0% in March. Economists expected average cash earnings of 1.7%. The more marked increase in average cash earnings and a less marked decline in overtime pay could raise investor expectations of a 2024 Bank of Japan rate hike. ...
US job openings fell in April to the lowest level in over three years, consistent with a gradual slowdown in the labor market. Available positions decreased to 8.06 million from a downwardly revised 8.36 million reading in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Tuesday. The figure was below all estimates in a Bloomberg survey of economists. The decline helped lower a ratio closely watched by the Federal Reserve — the number of vacancies per unemployed worker — to ...
Released on Jul 2, 2024 |
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Released on Jun 4, 2024 |
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