JOLTs Job Openings Rise To 7.744 Million; Dow Jones Declines Below 44,700

On December 3, 2024, U.S. released JOLTs Job Openings report for October. The report indicated that JOLTs Job Openings increased from 7.372 million (revised from 7.443 million) in September to 7.744 million in October, compared to analyst consensus of 7.48 million.

More information in our economic calendarAccording to the report, the number of job openings increased in professional and business services, accomodation and food services, and information. Meanwhile, the number of job openings decreased in federal government.

Job Quits increased from 3.098 million (revised from 3.071 million) in September to 3.326 million in October, compared to analyst forecast of 3 million. While Job Quits increased, layoffs and discharges were little changed at 1.6 million.

The report showed that the number of hires was mostly unchanged at 5.3 million in October. However, it was down by 0.5 million over the year.

U.S. Dollar Index gained ground as traders reacted to the better-than-expected JOLTs Job Openings report. The labor market stays strong, which is bullish for the American currency. Currently, U.S. Dollar Index is trying to settle above the 106.35 level.

Gold is moving lower as traders focus on strong U.S. dollar. Gold did not manage to settle above the $2650 level and is trying to settle below the $2635 level.

Dow Jones pulled back below the 44,700 level as traders focused on strong job market data. Traders are worried that Fed may be more hawkish than previously expected.

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