JOLTS: US job openings to pre-recession levels – Nomura

By FXStreet FXStreet (Guatemala) – Analysts at Nomura explained that job openings have broken out in a meaningful way in the past year.

Key Quotes:

“The return of job openings to pre-recession levels provides a positive sign of solid labor demand. Consensus forecasts that there were 5540k job openings in October. Although there seems to be increased labor market churn, (i.e., hires and separations), hires and separations are below prerecession levels. Better labor market churn would create more wage pressure in the labor markets, as it generally means workers are more comfortable leaving their current jobs, as they see more attractive job offers elsewhere.”
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Source:: FX Street