Highlights of the Fed’s Job Openings and Labor Turnover survey:
- Prior was 4166K
This is a laggy reading (from April) but the Fed loves this report and believe it gives a better indication of the underlying momentum in the jobs market than non-farm payrolls. This is a blockbuster number with a strong revision and it will ease Yellen’s mind on employment and embolden the Fed hawks. Great news for the US dollar.
JOLTs
