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JOLTS Report Ahead

US DATA
  • The JOLTS report for December comes at the top of the hour, with consensus looking for 8.75m job openings.
  • It would see a small decline from the 8.79m in Nov, which in the unlikely event of no revisions would see the ratio to unemployed unchanged at 1.40.
  • Such a reading would mark sizeable moderation from the 1.97 it ended 2022 at, but remain above the 1.2 averaged in 2019 or 1.0 in 2017-18.
  • In contrast, quits rate of 2.21% (all sectors) and 2.45% (private) have already pushed below pre-pandemic levels as of last month’s Nov data.
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  • The JOLTS report for December comes at the top of the hour, with consensus looking for 8.75m job openings.
  • It would see a small decline from the 8.79m in Nov, which in the unlikely event of no revisions would see the ratio to unemployed unchanged at 1.40.
  • Such a reading would mark sizeable moderation from the 1.97 it ended 2022 at, but remain above the 1.2 averaged in 2019 or 1.0 in 2017-18.
  • In contrast, quits rate of 2.21% (all sectors) and 2.45% (private) have already pushed below pre-pandemic levels as of last month’s Nov data.