The number of job openings for October is lower.

The JOLTs job openings is coming in lower than expectations

Job openings come in at 5996K in October versus 6100K estimate. Pace of openings is 3.9% vs 4.0% last month

  • The prior month was revised higher to 6177K from 6093K
  • Hirings rose to 5552K vs 5320K (revised) last month. Pace of hiring is 3.8% vs 3.6% last month
  • Separations 5178K versus 5244K (revised) last month. Pace of separations is 3.5% vs 3.6% last month.
  • Quits 3180K versus 3180K (revised) last month. Quit rate is 2.2%
  • Layoffs and discharges 1631K vs 1746K (revised) last month
  • 1631K people were fired or laid off in October versus 1593K in October last year
  • An additional 367K people left their employer due to retirements, transfers to other locations, death and separations due to disability

The data is a bit mixed vs the prior month but the level of job openings remains near high levels. That dovetails the labor departments data.

The USDJPY has nevertheless dipped a little on the less than expected numbers. The USDJPY trades at 113.32 - down from 113.43. The EURUSD moved up from 1.1798 and trades at a new session high at 1.1808. The pair is above the 100 day MA at 1.1799, and tests the 38.2% of the December trading range at 1.18098.