Analysts at TD Securities note that the JOLTS Job Openings report for July should garner attention given the importance the Federal Reserve has placed
Job Openings report for July should garner attention given the importance the Federal Reserve has placed on the progress of still-tight labor market conditions."We look for the report to show that job openings have indeed continued to make inroads: we forecast another decline in the series to a below-consensus 9.3mn in July ."
"The report's vacancies-to-unemployed ratio and the quits rate will also be important to track; the job vacancy rate was 5.8% last month while the quits rate is currently sitting at a 2-year low of 2.4%."Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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