8 pips and 43 points potential profit in 36 seconds on 1 November 2023, analysis on futures forex fx news trading EURUSD and US30 on US BLS Job Openings and Labor Turnover Survey (JOLT) data
According to our analysis EURUSD moved 8 pips and US30 moved 43 points on US BLS Job Openings and Labor Turnover Survey (JOLT) data on 1 November 2023.
EURUSD (8 pips)
US30 (43 points)
Charts are exported from JForex (Dukascopy).
The U.S. Bureau of Labor Statistics has released the "Job Openings and Labor Turnover Summary" for September 2023. Here are the key highlights from the report:
Job Openings:
The number of job openings remained relatively stable at 9.6 million on the last business day of September.
The job openings rate was unchanged at 5.7 percent.
Job openings increased in the accommodation and food services industry (+141,000) and in arts, entertainment, and recreation (+39,000).
However, job openings decreased in other services (-124,000), federal government (-43,000), and information (-41,000).
Hires:
In September, the number of hires changed little, remaining at 5.9 million.
The hire rate was 3.7 percent for the third consecutive month.
The number of hires remained relatively stable across all industries.
Separations:
Total separations include quits, layoffs and discharges, and other separations.
The number and rate of total separations in September changed little at 5.5 million and 3.5 percent, respectively.
Over the month, total separations decreased in state and local government education (-42,000) and in nondurable goods manufacturing (-37,000) but increased in federal government (+8,000).
Quits:
In September, the number of quits changed little at 3.7 million, and the quit rate was 2.3 percent for the third consecutive month.
The number of quits increased in the information industry (+24,000) but decreased in state and local government, excluding education (-15,000).
Layoffs and Discharges:
In September, the number and rate of layoffs and discharges changed little at 1.5 million and 1.0 percent, respectively.
The number of layoffs and discharges decreased in state and local government education (-22,000).
Other Separations:
The number of other separations remained relatively stable in September at 352,000.
Establishment Size Class:
Job openings, hires, and total separations rates remained stable for establishments with 1 to 9 employees.
The job openings rate decreased for establishments with 5,000 or more employees.
The report provides insights into the state of the labor market, including job openings, hires, and separations across various industries and establishment sizes.
The Job Openings and Labor Turnover Survey estimates for October 2023 are scheduled to be released on Tuesday, December 5, 2023, at 10:00 a.m. (ET).
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