All articles tagged with #jolts report
The July Jolts report indicates a decline in U.S. job openings to a 10-month low, signaling a potential cooling of the labor market, which could influence the Federal Reserve's decision on interest rate cuts amid concerns about inflation and economic momentum.
US job openings increased to 7.74 million in October, up from 7.37 million in September, indicating a stabilization in labor demand as layoffs eased, according to the Bureau of Labor Statistics' JOLTS report.
The latest Job Openings and Labor Turnover Survey (JOLTS) report indicates that the US labor market is moving towards a better balance between supply and demand, with the ratio of job openings to unemployed workers reaching its lowest level since August 2021. This normalization is seen as a positive sign for the Federal Reserve, which has been emphasizing the need for a better balance to achieve its inflation target. The report also shows a decrease in job openings and a flat quits rate, suggesting a softening labor market. This data supports the view that the economy is cooling, leading to speculation that the Fed may pause interest rate hikes.
The number of job openings in the US unexpectedly increased in August, reaching 9.61 million, according to the Bureau of Labor Statistics. This surge indicates the continued strength of the labor market. The biggest jumps in job postings were seen in professional and business services, finance, other services, and nondurable goods manufacturing. However, despite the increase in openings, job postings have already fallen to pre-pandemic levels according to online employment sites. The number of new hires and workers quitting their jobs showed minimal movement, while layoffs remained steady. The ratio of open jobs to unemployed persons looking for work decreased slightly compared to last year. Federal Reserve officials have highlighted the robust labor market as a factor in lowering inflation. The unexpected rise in job openings led to a decline in stock prices.
The number of job openings in the US increased in August, reaching the highest level since May, according to the latest Job Opening and Labor Turnover Survey (JOLTS) report. With 9.6 million job openings, the data raises questions about whether the job market is cooling fast enough to satisfy the Federal Reserve's concerns about inflation. The report also showed a decline in the quits rate, indicating less worker confidence, and a slight increase in hires. The news has led to fears of further monetary policy tightening, causing stocks to fall.
Job openings in the US unexpectedly surged to 9.6 million in August, exceeding expectations and indicating a tight and robust labor market. However, hires only saw a modest increase, suggesting that the Federal Reserve's efforts to slow the economy may be having an impact. The ratio of job openings to available workers has decreased from 2 to 1 to 1.5 to 1, as more workers were classified as unemployed in August. The JOLTS report comes ahead of the nonfarm payrolls count for September, which is expected to show an increase of 170,000 jobs.
US job openings fell to the lowest level in over two years in June, but remained at levels consistent with a tight labor market. The Job Openings and Labor Turnover Survey (JOLTS) report also showed a decline in layoffs and discharges for the third consecutive month. Despite the resilience of the labor market, workers are showing less interest in seeking new opportunities. Manufacturing activity appeared to stabilize at weaker levels in July, according to the Institute for Supply Management (ISM) report. Higher borrowing costs are impacting manufacturing, but factory production rebounded in the second quarter.
The number of available jobs in the United States dropped for the second consecutive month in June, reaching its lowest level since April 2021, according to the Bureau of Labor Statistics. Job openings decreased to 9.582 million, with industries such as transportation, warehousing, and utilities, as well as the federal government, experiencing declines. The labor market is slowly rebalancing, but there is still a shortage of workers compared to business needs, which the Federal Reserve sees as contributing to inflation.