JOLTS US job openings for March 11.549 million versus 11 million estimate

• JOLTS job openings moves to 11.549 million. That is a new all-time high the job openings index
• prior month came in at 11.344 million revised up from 11.266 million
• hires came in at 6.7 million. The high as rate was unchanged at 4.5%
• separations including quits, layoffs, and discharges, and other separations edge up to 6.3 million (+239,000). The separations rate was little change of 4.2%
• quits moved up to 4.5 million. That was a series high end up 152,000 for the month. The rate was little change in 3%. Quits increased in professional business services (plus 88K) and construction (plus 69K)
• layoffs and discharges were little change of 1.4 million. The layoffs and discharges rate was little changed at 0.9%/

For the full report from the Bureau of Labor Statistics CLICK HERE

The data, although relatively old (it is from March), reinforces the strength in the economy as number of job openings pushes two new all-time highs (employment remains strong). In addition, employees are feeling empowered to quit and move to other jobs as evidenced by the series high in the quits rate.

The Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term will meet tomorrow and is expected to raise rates by 50 basis points. Although labor is a lagging indicator, the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term expectations can be influenced by rising wages. The Fed is increasingly concerned about inflation and getting rates back toward neutral. The JOLTS data is congruent with a labor force that is empowered which coupled with the need for jobs from employers, is a recipe for higher wages and increasingly higher prices as a result.