US: Focus on JOLTS job openings and wholesale inventories data – Nomura

Analysts at Nomura point out that the JOLTS Job openings remained elevated in June for the US economy with the ratio of vacancy postings to unemployed workers at 1.01, indicating continued labor market tightness.

Key Quotes

“In addition, the quits rate remains elevated at 2.3%, matching its pre-recession high. While labor market turnover remains subdued, continued tightening in the labor market should put modest upward pressure on wage growth.”

Wholesale inventories: Advance data released by the Census Bureau suggest that wholesale inventories increased strongly by 0.7% m-o-m with solid gains in durable goods inventories. The final estimate of wholesale inventories should reaffirm strong inventory build-up by wholesalers. Based on incoming data, we expect solid contribution from inventory accumulation to real GDP growth in Q3.”




Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.