US May JOLTs job openings 7.769M vs 7.300M expected

• Prior 7.391M
• Quits rate 2.1% vs 2.0% prior
• Hires rate 3.4% vs 3.5% prior
• Layoffs rate 1.0% vs 1.1% prior

This is a nice looking report. It shows what jobless claims have been showing, that is there’s low risk of losing your job but it’s also harder to get one. As tariffs uncertainty continues to diminish and Trump gets his tax bill done, we should see a rebound or at least a less stagnating labour market.

This article was written by Giuseppe Dellamotta at www.forexlive.com.