US JOLTS Job Openings decline to 6.882 million in February

US Job Openings declined slightly in February.
USD Index stays deep in negative territory near 100.00

Eren Sengezer FXStreet

The number of job openings in the United States (US) declined to 6.882 million in February from 7.24 million in January, the US Bureau of Labor Statistics (BLS) reported in its Job Openings and Labor Turnover (JOLTS) report on Tuesday. This reading came in below the market expectation of 6.92 million.

"Over the month, hires decreased to 4.8 million, and total separations changed little at 5.0 million," the BLS noted in its press release. "Within separations, quits (3.0 million) were little changed while layoffs and discharges (1.7 million) were unchanged."

Market reaction

The US Dollar (USD) remains under bearish pressure following this report. At the time of press, the USD Index was down 0.4% on the day at 100.08.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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