According to our analysis USDJPY and EURUSD moved 28 pips on US BLS Job Openings and Labor Turnover Survey (JOLT) data on 3 January 2024.
USDJPY (20 pips)
EURUSD (8 pips)
Charts are exported from JForex (Dukascopy).
The Job Openings and Labor Turnover Summary for November 2023, released by the U.S. Bureau of Labor Statistics, presents a detailed overview of the labor market dynamics during that month. Key points from the summary include:
Job Openings: The number of job openings remained relatively stable at 8.8 million, a slight decrease from the series high of 12.0 million in March 2022. The job openings rate was unchanged at 5.3%. Notably, there were decreases in job openings in transportation, warehousing, and utilities, as well as in the federal government, while there was an increase in wholesale trade.
Hires: There was a decrease in hires to 5.5 million, with the hires rate remaining relatively stable at 3.5%. The most significant reduction in hires was observed in professional and business services.
Separations: Total separations, which include quits, layoffs and discharges, and other separations, decreased to 5.3 million. This category covers voluntary separations (quits), involuntary separations (layoffs and discharges), and other separations such as retirements, deaths, or transfers. The rate of total separations remained fairly stable.
Quits and Layoffs/Discharges: The number of quits slightly decreased to 3.5 million, with a minor decrease in the quits rate. The number of layoffs and discharges remained steady at 1.5 million. Notable decreases in quits were in professional and business services and educational services.
Other Separations: There was little change in the number of other separations, which stood at 342,000.
Establishment Size Class: For establishments with 1 to 9 employees, there was little change in job openings, hires, and total separations rates. However, for larger establishments with 5,000 or more employees, there was an increase in the quits rate and total separations rate.
The next set of estimates, for December 2023, is scheduled to be released on January 30, 2024. This summary provides insights into the employment trends and shifts in various sectors, which are crucial for understanding the current state of the labor market.
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