- Prior 4.635m. Revised down to 4.577m
They like to keep us waiting for this one.
- Openings up to 3.3% in June
- Hires at 4.830m vs 4.738m prior
- Quits were 2.534m vs 2.487m in May
- Separations 4.547m vs 4.530m prior
- Layoffs and discharges 1.622m vs 1.656m prior
Cable was the only big mover on the better numbers which is probably more option related that data driven. It ran to 1.6799 from 1.6787 in the moments up to and over the release.
Eamonn had a preview post today in which Deutsche bank said that the quit number were important to watch as it reflects workers confidence in changing jobs which could lead to higher wage inflation. The numbers lag the NFP and we saw little wage growth in there or the prior labour costs reports. It’s one that the Fed watches though so we may hear something in their next FOMC communication.
US JOLTS report 12 08 2014
