The number of vacancies is growing in the USA!

• The number of open vacancies on the labor market (JOLTS) in the US,  fact 6,638M, forecast 6,583M.

The number of open vacancies on the US labor market continues to grow at a very confident pace and remains near historical highs. It should be noted that the June maximum remains unattainable. The very high demand for labor indicates the continued high growth rates of the employment market in the United States. But this optimistic statistics is limited to the recent US employment report.

Fig. 1. Graph of the number of open vacancies in the US labor market

The US currency against the basket of major competitors was supported by optimistic statistics, but is still limited to the level of 94.40-50 and with overbought of American dollar. On the other hand, the positive start of the US stock markets resumed pressure on the American dollar, which in the end could resume selling US dollar.

The US dollar index chart. The current price is 94.30 (10-year government bonds yield is a blue line)

Read also: “Trade in currency baskets”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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