- There were 10.925 million job openings in the US at the end of December, more than the 10.3 million expected.
- The data reinforces the narrative that labor demand in the US is currently very strong.
The number of job openings on the last business day of December rose to 10.925 million, the US Bureau of Labor Statistics announced Tuesday in its latest Job Openings and Turnover Summary (JOLTS). This reading beat market expectations for a drop to 10.3 million from November’s reading of 10.775 million, which had been revised higher from 10.562 million.
market reaction
The dollar appears to have seen a modestly positive reaction to the latest stronger-than-expected JOLT data, with DXY jumping from 96.35 to 96.45. The data reinforces the narrative that labor demand in the US is currently very strong.
Source: Fx Street
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