JOLTS Job openings expected to reflect a stable US labor market in December
JOLTS Job openings expected to reflect a stable US labor market in December
NEWS | 02/04/2025 13:00:00 GMT | By FXStreet Team
The US JOLTS data will be watched closely ahead of the release of the January employment report on Friday.
Job openings are forecast to reach 8 million in December.
The state of the labor market is a key factor for Fed officials when setting policy.
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of job openings in December, alongside the number of layoffs and quits.
JOLTS data is scrutinized by market participants and Federal Reserve (Fed) policymakers because it can provide valuable insights into the supply-demand dynamics in the labor market, a key factor impacting salaries and inflation. Job openings have been declining steadily since coming in above 12 million in March 2022, indicating a steady cooldown in labor market conditions. In September, the number of jobs declined to 7.44 million, marking the lowest reading since January 2021, before rising to 7.8 million and 8.09 million in October and November, respectively.
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