June JOLTS job openings fall to 7.36M, missing forecasts
The U.S. Bureau of Labor Statistics released June JOLTS data showing job openings at 7.36 million, below the 7.44 million forecast and down from a revised 7.59 million previous reading. Analysts noted the data points to a cooling labor market with low churn, as hires rose modestly and layoffs were little changed.
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@MartiniGuyYT
🇺🇸 US JOLTS Job Openings just came in at 7.36M. Weaker than expected. Forecast: 7.44 million Previous: 7.59 million
@TU_Crypto_News
June JOLTS data point to a labor market still defined by low churn: job openings edged lower in June, while hires rose modestly. Layoffs were little changed, underscoring a broader pattern of subdued hiring and firing.
@MartiniGuyYT
Job openings are falling, which shows the labour market is cooling. This is what the Fed wants to see. A weaker jobs market can help bring inflation down and gives the Fed more room to cut rates if needed. Markets usually like this because lower rates can bring more liquidity