The post JOLTS Job Openings Expected to Decline: Here’s Why appeared on BitcoinEthereumNews.com. The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of Job Openings in August, alongside the number of layoffs and quits. Markets expect Job Openings in August to decline slightly to 7.1 million compared to the previous month’s reading of 7.181 million.  JOLTS data is scrutinized by market participants and Federal Reserve (Fed) policymakers because it can provide valuable insights into the supply-demand dynamics in the labor market, a key factor impacting salaries and inflation. Job Openings have been declining steadily since reaching 12 million in March 2022, indicating a steady cooldown in labor market conditions. In January of this year, the number of Job Openings came in above 7.7 million before declining to 7.2 million by March. Since then, JOLTS Job Openings rose for two consecutive months, reaching 7.7 million in May. Nevertheless, summer months highlighted a further softening in labor, with openings sliding below 7.2 million in July.  Sponsored Sponsored What to expect in the next JOLTS report?  Job Openings are expected to edge lower to 7.1 million in August. Fed policymakers have been growing louder in pointing out their concerns over the labor market outlook.  Following the decision to lower the policy rate by 25 basis points at the September policy meeting, Fed Chair Jerome Powell acknowledged that job gains are running below the breakeven rate. On a more dovish note, Fed Governor Michelle Bowman argued that the recent downward revisions to employment data suggest that the Fed is even further behind the curve on interest rate cuts than previously estimated. Similarly, Kansas City Fed President Jeffrey Schmid explained that the September rate cut was appropriate to offset risks to the labor… The post JOLTS Job Openings Expected to Decline: Here’s Why appeared on BitcoinEthereumNews.com. The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of Job Openings in August, alongside the number of layoffs and quits. Markets expect Job Openings in August to decline slightly to 7.1 million compared to the previous month’s reading of 7.181 million.  JOLTS data is scrutinized by market participants and Federal Reserve (Fed) policymakers because it can provide valuable insights into the supply-demand dynamics in the labor market, a key factor impacting salaries and inflation. Job Openings have been declining steadily since reaching 12 million in March 2022, indicating a steady cooldown in labor market conditions. In January of this year, the number of Job Openings came in above 7.7 million before declining to 7.2 million by March. Since then, JOLTS Job Openings rose for two consecutive months, reaching 7.7 million in May. Nevertheless, summer months highlighted a further softening in labor, with openings sliding below 7.2 million in July.  Sponsored Sponsored What to expect in the next JOLTS report?  Job Openings are expected to edge lower to 7.1 million in August. Fed policymakers have been growing louder in pointing out their concerns over the labor market outlook.  Following the decision to lower the policy rate by 25 basis points at the September policy meeting, Fed Chair Jerome Powell acknowledged that job gains are running below the breakeven rate. On a more dovish note, Fed Governor Michelle Bowman argued that the recent downward revisions to employment data suggest that the Fed is even further behind the curve on interest rate cuts than previously estimated. Similarly, Kansas City Fed President Jeffrey Schmid explained that the September rate cut was appropriate to offset risks to the labor…