The tightness in the U.S. labor market | 04 May 2022

USDJPY trading plan:

U.S. job openings and the number of Americans who quit their jobs in March both rose to record highs, indicating that employers continue to struggle to retain and hire workers. Meantime, a series high of 4.5 million Americans quit their jobs in March, in data back to 2000. The quits rate, a measure of voluntary job leavers as a share of total employment, rose slightly to 3%. There were 1.9 jobs for every unemployed worker in March, up from February. The increase in job openings was driven by retail trade and durable goods manufacturing. That echoes data from the Institute for Supply Management Monday, which found that manufacturers are still struggling to solve labor shortage issues.

Investment idea: range 129.55 -130.50.