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Will US job openings be above 8M in July 2024?
5
Resolution / Starting Odds
Above 8M • 50%
Below 8M • 50%
US Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Survey (JOLTS)
Story
US Job Openings Fall to 8.059M, Lowest Level in Over Three Years
Jun 4, 2024, 02:02 PM
US job openings fell significantly in April, reaching the lowest level in over three years. The Job Openings and Labor Turnover Survey (JOLTS) reported 8.059 million openings, below the estimated 8.35 million and the previous month's revised figure of 8.36 million. This decline from March's 8.49 million and the previous 8.488 million highlights a continued weakening in the labor market. The data suggests a gradual slowdown, with job openings approaching levels seen in February 2021. The market's reaction to the weaker data included a small bid in the S&P 500, and there is speculation that fewer job openings could lead to sooner rate cuts by the Federal Reserve.
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More than 4,326 • 50%
4,326 or less • 50%
Less than 200,000 • 33%
200,000 to 300,000 • 33%
More than 300,000 • 33%
Above 1.8 million • 50%
1.8 million or below • 50%
