The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future job growth, and the predictive elements show that the year-over-year growth rate of
unadjusted private non-farm job openings year-over-year rate of growth improved and is now in expansion.
Analyst Opinion of JOLTS Data
The unadjusted data this month is around average for the rate of growth seen since the beginning of 2019. In other words, JOLTS is predicting job growth in the range of 200,000 to 300,000 per month.
Market expectations from Econoday were 6.200 M to 6.600 M (consensus 6.400 M) with actual at
6.6 M
The graphs below use the year-over-year growth of JOLTS Job Openings - both the level of openings and rate of openings.
U S hiring plunged in December even as job openings ticked up - Providence Business News pbn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pbn.com Daily Mail and Mail on Sunday newspapers.
1. Stock Futures Slip After S&P 500 s Sixth Day of Gains
Stock futures pointed lower Tuesday following the S&P 500 s sixth straight day of gains amid signs that President Joe Biden and congressional Democrats were pushing forward with a $1.9 trillion coronavirus stimulus package.
Contracts linked to the Dow Jones Industrial Average fell 45 points, S&P 500 futures slipped 3 points and Nasdaq futures were down 7 points.
White House Press Secretary Jen Psaki told reporters Monday that Biden s stimulus plan probably will advance under a fast-tracked procedure Democrats could use to clear the aid package with just a simple majority vote in the Senate.
U.S. job openings increased marginally in December while hiring declined, pointing to a labor market that was treading water amid a raging COVID-19 pandemic. Job openings, a measure of labor demand, rose to 6.65 million on the last day of December from 6.572 million in the previous month, the Labor Department said on Tuesday in .