Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month
Already have an account? log in
1-To-1: US Labor Market Nears Normalization Milestone
Job openings across the world's largest economy dropped to the lowest since January of 2021 on the last business day of July, closely-watched BLS data released on Wednesday showed.
The 7.673 million headline JOLTS print was a mile below consensus. Economists collectively expected 8.1 million. The prior month was revised lower, making the drop even more impressive.
The undershoot adds to a growing body of evidence which suggests the US labor market's finally cooling, and anyway isn't likely to
