ATF Forex - Good news for the Federal Reserve? U.S. job vacancy data in July hit a nearly two-year low!

atfxU.S. job openings fell more than expected in July, the third straight month of declines, falling below 9 million for the first time since early 2021, continuing a process of gradual rebalancing of the labor market that will help curb inflationary pressures.

The Job Openings and Labor Turnover Survey (JOLTS) released Tuesday by the Bureau of Labor Statistics shows that,The number of job openings fell to 8.83 million from 9.17 million in JuneThis isThe sixth decrease in the past seven monthsPreviously, the market generally expected that the number of job vacancies would be close to 940 to 9.50 million.

After the data was released, spot gold rose by nearly $15 and broke through the $1,930 mark, silver rose by more than 2% during the day, the dollar index fell below the 104 mark in the short term, and the three major U.S. stock indexes rose in the short term.

COMEX most active gold futures contract Beijing time on August 29th 22:00 within one minute trading disk instantly traded 6749 lots, the total value of the transaction contract 1.299 billion US dollars;

COMEX most active gold futures contract Beijing time on August 29th 22:01 one minute trading disk instantly traded 2835 lots, the total value of the transaction contract 546 million US dollars;

COMEX most active gold futures contract Beijing time on August 29th 22:02 within one minute trading disk instantly traded 2745 lots, the total value of the transaction contract 529 million US dollars;

COMEX most active gold futures contract Beijing time on August 29 22:05 within one minute trading disk instantly traded 2409 lots, the total value of the transaction contract 465 million US dollars;

COMEX most active gold futures contract Beijing time on August 29th 22:06 one minute trading disk instantly traded 2289 lots, the total value of the transaction contract 442 million dollars.

The survey showed new hires fell from 5.94 million to 5.773 million, resignations from 3.802 million to 3.549 million and layoffs edged up from 1.551 million to 1.555 million.

In addition,Separations, which measure the share of voluntary leavers in total employment, fell to 2.3 percent, the lowest since early 2021This meansAmericans lack confidence in their ability to find another job in the current market.

The decrease in job openings reflects a decrease in job openings in the professional and business services, health care, and government sectors, which, together with higher labor force participation, has made the U.S. labor market more balanced and helped restrain wage growth.

Although the demand for workers has eased,Unemployment remains at historically low levelsAlthough the Federal Reserve is actively raising interest rates, this trend is key to the growing hopes that the United States can avoid a recession. Federal Reserve Chairperson Jerome Powell also said last week that if the labor market continues to be loose, inflation will continue to decline. The Federal Reserve has been hoping for more weakness in the labor market because the imbalance between labor demand and supply could lead to higher wages and ultimately increase upward pressure on inflation.

Nick Timiraos, a Wall Street Journal reporter known as the "New Fed News Agency," said,Here's a report on job openings that the Federal Reserve is happy to seeThe number of job openings in the U.S. fell to about 8.80 million in July, the lowest level since March 2021 (revised down to 9.20 million in June). There were 1.51 job openings per unemployed person in July, the lowest ratio since September 2021.

Americans are less optimistic about their ability to find a job, according to separate data released Tuesday by the Conference BoardThe proportion of respondents struggling to find a job rose to its highest level since April 2021。