According to the JOLTS report, the number of open job vacancies in the U.S. labor market was 7.67 million. This is a key indicator that banks, funds, and market participants regularly monitor.
What does this value mean for the market
JOLTS reflects how actively companies are seeking employees. The higher the number of job vacancies, the stronger the economy and the greater the pressure on wages. This, in turn, affects inflation and the decisions of the Federal Reserve.
The indicator at 7.67 million suggests that the labor market is decreasing from peak values but remains quite resilient. This is not an emergency drop, but also not an economic acceleration — rather a gradual cooling.
Why this is important for the crypto market
For crypto, macro data is a signal about the future dollar exchange rate and the Fed's policy. A weaker labor market increases the likelihood of easing monetary policy, and soft policy historically supports risk assets, including bitcoin.
Outcomes for beginners
1. JOLTS — one of the indicators that allows assessing the overall state of the US economy.
2. The labor market is cooling down, but without sharp declines — this is a neutral-positive background for the crypto market.
3. Such reports do not move the price instantly, but they shape the overall direction for weeks ahead.#BTC #akitabsc 1000x
