JOLTS, Job Openings, and Labour Turnover Survey is a monthly report, generally before the US’s NFP data. The information will confirm new vacancies, how many people have started working, and how many are leaving their jobs.
Why is it important to the currency?
The higher the JOLTS Job Openings report, the better for the currency, as it indicates a strong employment sector that can support economic growth. As a result, the central bank may even consider higher interest rates.
Why is it important to the Stocks?
A higher JOLTS Job Openings report is positive for the stock market as it indicates a strong employment sector which can support economic growth. Though traders should note that stronger employment will push the Fed to higher rates, it can pressure the stock market.