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Free AccessJPM economist Daniel Silver said......>
US DATA REACT: JPM economist Daniel Silver said today's "June JOLTS report
showed the number of job openings increasing to a new record high during the
month. The job openings rate (the level of openings as a share of employment
plus openings) also increased in June and came in equal to the all-time high for
the series of 4.0%. Changes in the other main details of the JOLTS report were
relatively more downbeat, but the latest levels associated with all of these
series were reasonably favorable: the hires rate was unchanged, while quits
declined and layoffs increased."
- He adds that "the JOLTS report continues what has been a reasonably strong run
for the labor market data, and we expect continued improvement in the job market
to keep upward pressure on wages."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.