Free Trial

September JOLTS Paints Very Similar Picture To August

  • JOLTS job openings surprisingly pushed higher to 9.553m (cons 9.4m) in September after last month’s surprise jump to 9.61M was trimmed slightly to 9.497m.
  • It meant the ratio of openings to unemployed increased fractionally to 1.50 from 1.49, having stalled at the 1.5 since June having been 1.8 as recently as April. Recall Chair Powell has seen something closer to 1:1 as indicative of labor market balance.
  • No change in quits rates, still back at their 2019 averages as has been the case since July. Overall quits at 2.33 after 2.34% (2019av 2.33) and private quits at 2.59 after 2.58 (2019av 2.59).

To read the full story



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.