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JOLTs Job Openings, Factory Orders Data in Focus for Wednesday
Market Movers
- JOLTs Job Openings: Forecast: 10.3 million; Previous: 10.46 million
- Factory Orders: Forecast: -0.2%; Previous: 0.3%
Key Points
JOLTs Job Openings:- Measures the number of available job openings at the end of the month.
- A high reading suggests a strong labor market with ample job opportunities.
- A low reading indicates a weaker labor market with limited job growth.
- Reflects the value of new orders received by manufacturers.
- A positive reading indicates an increase in manufacturing activity.
- A negative reading suggests a decline in manufacturing production.
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