Collapsed, nearly 50% plunge in 6 months! Another "disaster" on Friday's non-farm payroll report?

The recently released Job Openings and Labor Turnover Survey (JOLTS) in the United States has dropped to the lowest level since 2021, raising concerns about the upcoming non-farm payroll report. Job openings in the construction industry have fallen by nearly 50%, returning to the levels of 2016, sparking concerns about data consistency. At the same time, the number of construction positions is said to be at a record high. With layoffs and job vacancies decreasing, the imbalance between supply and demand in the labor market is becoming more apparent, requiring attention to the upcoming August non-farm payroll data, which may have a significant impact on the Federal Reserve's interest rate decision