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US labour market overheating

US labour market overheating | 02 November 2023

02 November 2023, GBP/USD

US labour market overheating

GBPUSD trading plan:

U.S. job openings increased in September, pointing to persistent labor market tightness that is underpinning the economy and likely to see interest rates staying high for some time. Job openings, a measure of labor demand, were up 56,000 to 9.553 million on the last day of September, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report. Data for August was revised lower to show 9.497 million job openings instead of the previously reported 9.610 million. This is a positive signal for the dollar.

Investment idea: sell 1.2189 and take profit 1.2107.

David Johnson
Analyst of «FreshForex» company
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