JOLTS (Job Openings and Labor Turnover Survey) is an important indicator in the economic field, especially in analyzing the labor market in the United States. JOLTS data is usually reported monthly and includes information on the number of job openings, the number of workers hired, and the number of workers leaving the job.
Specifically, the figures refer to:
- 7.67M: This is the number of job vacancies or job postings in a specific previous period (such as last month).
- 8.09M: This is the number of job vacancies from another point in time (could be another month or another quarter).
- 7.91M: This could be an average or aggregate figure from several other months that are also relevant to tracking job vacancies.
👍These three figures show the fluctuations in the number of available jobs in the economy. When the number of job vacancies is high, this usually indicates that the economy is growing and businesses are looking for workers. Conversely, when the figure is low, it can indicate that the labor market is less active.
🙈Additionally, analyzing these figures in the context of broader economic factors, such as unemployment rates, GDP growth, and monetary policy, can help create a snapshot of the health of the labor market and the economy as a whole.
👉This further strengthens the belief that in the meeting on September 18, the FED will decide whether to cut interest rates by 0.25dpb or 0.5bpb higher when the number of jobs is lower than expected.
Immediately after the news was released, BTC increased by 2% from $56,000 to $57,500.
