JOLTS Job Openings

JOLTS Job Openings report 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.
Job openings rose 690,000 from the previous month to 9.61 million in August 2023, well above the market consensus of 8.8 million and indicating a strong labor market despite the Fed's unprecedented monetary policy tightening measures. Employment opportunities increased in professional and business services (+509,000), finance and insurance (+96,000), government and state education (+76,000), nondurable goods manufacturing (+59,000), and federal government (+31,000). Openings were higher in all regions, specifically the Northeast (+51,000), South (+278,000), Midwest (+238,000), and West (+124,000).

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

Expectations for today's statement are 9.35 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