JOLTs Job Openings Rise To 7.74 Million; SP500 Remains Under Pressure

On March 11, 2025, the U.S. released JOLTs Job Openings report for January. The report indicated that JOLTs Job Openings increased from 7.508 million in December to 7.74 million in January, compared to analyst forecast of 7.63 million. On a year-over-year basis, JOLTs Job Openings were down by 728,000.

The JOLTs Job Openings report exceeded analyst expectations and showed that the job market was in decent shape. However, it remains to be seen whether job market data will have a material impact on market dynamics as traders focus on recent twists in tariff drama.

U.S. Dollar Index moved away from session lows as traders reacted to the better-than-expected JOLTs Job Openings report. Currently, U.S. Dollar Index is trying to settle above the 103.50 level. It should be noted that U.S. Dollar Index has recently tested multi-month lows amid tariff uncertainty.

Gold continued its attempts to settle back above the $2920 level after the release of the report. U.S. dollar’s pullback and rising demand for safe-haven assets provided additional support to gold markets in today’s trading session.

SP500 remained under pressure as traders ignored job market data and focused on tariff news.

For a look at all of today’s economic events, check out our economic calendar.