US job openings just jumped by 333,000 to 7.52 million in September, the most since MayThat crushed the 7.15 million for…
US job openings just jumped by 333,000 to 7.52 million in September, the most since May
That crushed the 7.15 million forecast, per the BLS JOLTS report out this morningQuits surged 321,000 to 3.37 million, the highest since March 2025Layoffs fell to 1.64 million, the fewest since March 2025Hires held at 5.4 million and the quits rate ticked up to 2.1%Quits are the cleanest read on worker confidence, since people only walk away when they think a better job is waitingIt lands on midterm Election Day, three days before Friday's payrolls reportA hotter job market is good news for workers and consumer spending, but it makes the case for Fed rate cuts harder and keeps pressure on yields, $TLT, and rate-sensitive namesSource: StockMarket.News
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.