• There were 10.925M job openings in the US at the end of December, more than the 10.3M expected. 
• The data strengthens the narrative that labour demand in the US is currently very strong. 

The number of job openings on the last business day of December rose to 10.925 million, the US Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Tuesday. This reading came in above market expectations for a drop to 10.3 million from November's 10.775 million reading, which had been revised up from 10.562 million.

Market Reaction

The dollar seems to have seen a modestly positive reaction to the latest stronger than expected JOLTs data, with the DXY jumping from the 96.30s to the 96.40s. The data strengthens the narrative that labour demand in the US is currently very strong.