Urgent.. Job vacancy data in the United States is negative during September.
On Tuesday, the U.S. Labor Department released the Job Openings and Labor Turnover Survey (JOLTS) data for September, which came in negative and below market expectations.
According to the data, job openings and the labor turnover rate stood at approximately 7.443 million at the end of September, which was below the forecast of around 7.99 million jobs. The previous month's reading showed 7.86 million jobs in August, which was revised down from 8.04 million.
It is worth noting that this data is released later in the month, but it can affect the market as the job openings index is a leading indicator of employment rates in general. This index measures the number of job openings during the month, excluding the agricultural sector.
The job openings data provides additional information about the U.S. labor market and offers insights into changes in net job figures. It also divides the labor market into changes in job openings, hiring, and layoffs. If the reading comes in higher than expected, it positively affects the movements of the U.S. dollar, while a negative reading below expectations can have negative implications for the U.S. dollar's performance against other currencies.