TD Securities Sees US JOLTS Openings Slipping Below 7.5M Consensus

TD Securities strategists forecast US JOLTS job openings will fall to 7.0 million in June, down from 7.594 million in May and below the market consensus of 7.504 million. The team views the recent increase in openings as difficult to sustain.

The expected pullback aligns with softer signals from private-sector hiring data, according to the note. A weaker-than-expected print could add to signs of a cooling labor market.

JOLTS data is closely watched by Federal Reserve officials for clues on labor demand and wage pressures. The report is due for release later this month.