The JOLTS report showed a rebound in job openings in May. According to analysts at Wells Fargo, the labor market is recovering, albeit slowly, and the renewed pick-up in coronavirus cases presents a serious downside risk. Key Quotes: “The number of U.S. job openings bounced in May, as some stayat-home orders were lifted and businesses began to re-open toward the end of the month. Still at 5.4 million, openings remain nearly 30% below their 2019 peak.” “There were a record 6.5 million hires in May, as many furloughed workers began to be rehired. This is an encouraging sign, but high-frequency claims data suggest the road to recovery is long.” “First-time claims for unemployment insurance continue to fall each week, but remain high, and 19 million people continue to receive benefits. The more-recent acceleration in COVID-19 cases only exacerbates concerns of a prolonged labor market recovery.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Technical Analysis: BTC/USD stays around $9,300 while the number of holders hits 20 million FX Street 3 years The JOLTS report showed a rebound in job openings in May. According to analysts at Wells Fargo, the labor market is recovering, albeit slowly, and the renewed pick-up in coronavirus cases presents a serious downside risk. Key Quotes: “The number of U.S. job openings bounced in May, as some stayat-home orders were lifted and businesses began to re-open toward the end of the month. Still at 5.4 million, openings remain nearly 30% below their 2019 peak.” “There were a record 6.5 million hires in May, as many furloughed workers began to be rehired. This is an encouraging sign, but high-frequency… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
