US: JOLTS Job Postings Drop to 10.7 Million in June

  • US JOLTS Job Openings declined sharply in June.
  • The dollar index extends its recovery towards 106.00.

The number of job openings fell to 10.7 million on the last business day of June, the US Bureau of Labor Statistics reported Tuesday in its Summary of Job Offers and Labor Rotation (JOLTS). This figure is slightly lower than market expectations, which were 11 million, and follows that of May, which was 11.3 million.

“Total hires and separations were little changed, standing at 6.4 million and 5.9 million, respectively,” the post reads. “Within separations, resignations (4.2 million) and layoffs and discharges (1.3 million) were little changed.”

market reaction

dollar index It continues to rise and was last seen up 0.55% on the day at 105.98.

Source: Fx Street

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