JOLTS Job Openings

The Job Opportunities Report (JOLTs) is a monthly report on job vacancies in the commercial, industrial, and office areas of the United States. The account includes all vacancies that remain open as of the last working day of the month

The number of job vacancies in the United States reached 11.3 million in May of 2022, down slightly from 11.7 million in April and up from 11.9 million in March. The numbers came in above market expectations of 11 million and are still above pre-pandemic levels, indicating that demand for workers has remained strong. The largest declines in employment were in professional and business services (-325.000), durable goods manufacturing (-138.000), and nondurable goods manufacturing (-70.000). Meanwhile, about 4.3 million Americans quit their jobs in May, little changed from the previous month, as the quit rate fell to a four-month low of 2.8%, and there were 1.9 jobs available for every unemployed person. the work

Forecasts for today's report

Expectations for today's jobs decision point to 10.99M
If the decision is issued above expectations, it will positively affect the currency, and if the decision is issued below expectations, it will negatively affect the currency

Time

The report will be released at 5 pm Mecca time