US: JOLTS job openings to remain elevated over the medium term - Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura note that US job openings softened somewhat in Q4 2017, declining 366k after reaching a post-crisis peak of 6177k in September, with professional & business services accounting for roughly 60% of the drop.

Key Quotes

“With a tightening labor market and strong growth this year, we expect job openings to remain elevated over the medium term. The quits rate increased 0.1pp to 2.2% in December, within the narrow 2.1-2.2% since May 2016. Labor market turnover, the sum of hires and separations as a percent of two times employment, remained unchanged in December at 4.0%, still well-below the 2005 and 2001 peaks of 4.5% and 5.0%, respectively.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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