At-a-Glance

Key Takeaways with Craig

The JOLTs Job Openings Report is a monthly report done by the US Bureau of Labor Statistics which measures job vacancies. Traders will focus on this report to understand the current strength in the labor market along with the overall trend over a specific period of time. 

This week, the JOLTs number came in at 8.040M while the forecast was 7.640M, a much higher than expected metric. Since July of 2022, there has been a steady decline in the data, and as this report was significantly higher than expected the Dollar is moving higher on the session. With the possible rate cuts and volatility coming through the end of the year, traders will keep a close eye on the overall trend of this data.

Click here to learn more about the JOLTs report: https://www.cmegroup.com/education/events/econoday/2024/10/feed596030.html


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