JOLTS Job Openings

Job opportunities statement determines the change in the level of those employed during the past month, excluding those employed in the agricultural sector
This indicator is published two days before the publication of the ADP Employment Report by the Official Bureau of Human Resources Statistics, which provides employment solutions for companies.
The number of job openings fell by 338,000 from the previous month to 8.827 million in July 2023, the lowest level since March 2021 and below the market consensus of 9.465 million. It also marks the third straight month of decline in job openings, indicating that the labor market is gradually slowing after months of unprecedented monetary policy tightening by the Federal Reserve. The level of employment in professional and business services decreased (-198,000); Health care and social assistance (-130,000); State and local governments, excluding education (-67,000); State and local government education (-62,000); and the federal government (-27,000). In contrast, there were increases in information (+101,000) as well as in transportation, storage and utilities (+75,000). In terms of regional distribution, job openings decreased in the South (-356,000) and Midwest (-69,000), while they increased in the West (+57,000) and Northeast (+29,000).

Expectations for today's statement and how it will affect the currency

Expectations for today's statement are 8.81 million
If data is released with numbers higher than expectations, this will have a positive impact on the currency and vice versa

Timing of issuance of the statement

The statement will be issued at five o’clock in the evening, Mecca time