The U.S. Bureau of Labor Statistics is set to release the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday, with expectations of a slight decline in job openings to 7.1 million for August, down from 7.181 million in July. This report is crucial for market participants and the Federal Reserve, as it provides insights into labor market trends that affect wages and inflation.
Since reaching a peak of 12 million in March 2022, job openings have been on a downward trend, signaling a cooling labor market. Federal Reserve officials are closely monitoring these developments, with recent data suggesting potential for further rate cuts. The JOLTS report will be released at 14:00 GMT on Tuesday.
Fed Monitors Labor Market as JOLTS Job Openings Expected to Fall
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