TD Securities predicts JOLTS data will show a decline to 7.0 million openings, undershooting consensus estimates.
US JOLTS job openings are expected to fall to 7.0 million in June, down from 7.594 million in May, according to strategists. The forecast is below the 7.504 million consensus estimate, signaling potential softening in labor demand.
The anticipated decline follows a recent uptick that analysts view as unsustainable. Private-sector hiring trends suggest a broader cooling in job market activity, aligning with softer economic indicators.
Markets may interpret the data as a sign of easing labor tightness, potentially influencing Federal Reserve policy expectations.