U.S. Labor Market Update – May 2025 JOLTS Data

➡️ Job openings rose to 7.77 million, above forecasts

➡️ Hiring slowed to 5.50 million

➡️ Layoffs declined; quits rate steady at 2.1%

📌 Implication: Fed rate cuts likely delayed.

💵 USD up, Treasury yields rise

📍 Analysts highlight risks from strong labor demand + weak hiring

📍 Rate cut bets now shift toward September, not July

Stay tuned for the NFP report – July 3

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