The number of job openings on the last business day of June stood at 9.58 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This reading followed 9.82 million openings in May and came in slightly below the market expectation of 9.62 million.
"Over the month, the number of hires and total separations decreased to 5.9 million and 5.6 million, respectively," the BLS further added in the press release. "Within separations, quits (3.8 million) decreased, while layoffs and discharges (1.5 million) changed little."
The US Dollar Index (DXY) retreated modestly from the multi-week high it set at 102.43 with the initial reaction to this data. As of writing, DXY was still up 0.35% on the day at 102.22.
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday, August 1, by the US Bureau of Labor Statistics (BLS). The publication will reveal the change in the number of job openings in June, alongside the number of layoffs.
JOLTS data will be scrutinized by market participants and Federal Reserve policymakers, as it could provide valuable insights regarding the supply-demand dynamics in the labor market.
Source : FX Street
