JOLTS: what do job openings tell you?
Job openings data (report) reads the labour market's demand side, complementing payrolls' supply-side view. The quits rate inside it is a hidden gem.
Do you follow it?
- how openings fit your labour market read
- what the quits rate tells you about confidence
- how it shapes your Fed expectations
Background: non-farm payrolls explained for the companion release.
Background: Non-farm payrolls explained: why the US jobs report moves the dollar
The monthly Employment Situation report is one of the most traded events in currency markets. What it measures, when it comes out and why the first move often fades.
When is the non-farm payrolls report released?
Usually on the first Friday of the month at 8:30 a.m. New York time. The exact dates are on the Bureau of Labor Statistics release schedule.
What is a good NFP number?
There is no fixed level. Markets react to how the figure compares with economists' forecasts, and to revisions, wages and the unemployment rate in the same report.
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