US JOLTS Shows Job Openings At 7.7 Mln, Will It Impact Fed’s Rate Cut Decision?

The global market eagerly awaits the Job Openings and Labor Turnover Survey (JOLTS) data for insights on the US labor market condition. According to recent data, job openings for July came in at 7.7 million, down from the market expectations of 8.1 million. Meanwhile, this is a crucial metric considered by the US Federal Reserve to understand the health of the labor market, which in turn aids them in deciding their policy rates.

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