#USJobOpeningsFallToFiveMonthLow
U.S. job openings fell by 256,000 to 7.079 million in August, the lowest level since March and below economists’ 7.225 million estimate.
The important detail is that layoffs also remained low, while hiring increased modestly. That suggests the labor market is cooling rather than experiencing a broad wave of job losses.
For markets, traders will be watching upcoming employment data and how the weaker demand for workers affects expectations around Federal Reserve policy, interest rates, and risk assets such as crypto. The JOLTS survey also has a relatively low response rate, so the data should be interpreted with some caution.
#Binance #USJobs #JOLTS #Fed #CryptoMarket
U.S. job openings fell by 256,000 to 7.079 million in August, the lowest level since March and below economists’ 7.225 million estimate.
The important detail is that layoffs also remained low, while hiring increased modestly. That suggests the labor market is cooling rather than experiencing a broad wave of job losses.
For markets, traders will be watching upcoming employment data and how the weaker demand for workers affects expectations around Federal Reserve policy, interest rates, and risk assets such as crypto. The JOLTS survey also has a relatively low response rate, so the data should be interpreted with some caution.
#Binance #USJobs #JOLTS #Fed #CryptoMarket
