HALISTER1: U.S. ECO PREVIEW: JOLTS Report Due in 5 Minutes

U.S. ECO PREVIEW: JOLTS Report Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • JOLTs Job Openings 5950; range 5800 to 6000 (5 estimates)
    • In April, job openings rose to a record 6.044 million, breaching the 6-million mark for the first time
    • In today’s report, the quits rate "deserves heightened attention" to gauge wage pressures; it has "risen only gradually in the current cycle, as many employees might still feel uncomfortable sticking their necks out and departing for other opportunities": Bloomberg Intelligence
    • Though it lags the jobs data by a month, the JOLTS report adds context to monthly payrolls figures by measuring dynamics such as resignations, help-wanted ads and the pace of hiring
To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Topics
First Word Credit US

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283