**US JOLTS Data for July: Job Openings Lower Than Expected, But Up From June**
US job openings data for July came in below expectations, according to the JOLTS report issued by the US Bureau of Labor Statistics on Tuesday, despite rising compared with the June figure after it was revised downward.
**Numbers**
- Job openings in July: **7.271 million** jobs (versus economists' expectations of 7.330 million)
- Vacant jobs in June: revised down to **7.182 million** from 7.359 million previously reported
In other words, the actual figure came in below analysts’ expectations, but it remains higher than the revised June number (the original was higher before the adjustment, but the revision reduced it significantly).
**Context**
The report is part of a much-anticipated series of US labor market data this week (the ADP report on Wednesday, and non-farm payrolls on Friday), which markets are closely watching to gauge the likelihood that the Federal Reserve will tighten its monetary policy at its next meeting in mid-September.
*It is noted that at the time of publication, the news was still “under development,” and additional updates may be issued later.*
US job openings data for July came in below expectations, according to the JOLTS report issued by the US Bureau of Labor Statistics on Tuesday, despite rising compared with the June figure after it was revised downward.
**Numbers**
- Job openings in July: **7.271 million** jobs (versus economists' expectations of 7.330 million)
- Vacant jobs in June: revised down to **7.182 million** from 7.359 million previously reported
In other words, the actual figure came in below analysts’ expectations, but it remains higher than the revised June number (the original was higher before the adjustment, but the revision reduced it significantly).
**Context**
The report is part of a much-anticipated series of US labor market data this week (the ADP report on Wednesday, and non-farm payrolls on Friday), which markets are closely watching to gauge the likelihood that the Federal Reserve will tighten its monetary policy at its next meeting in mid-September.
*It is noted that at the time of publication, the news was still “under development,” and additional updates may be issued later.*