JOLTS Job Openings Expected to Dip Slightly in May as Fed Aims to Cool Inflation

The US Bureau of Labor Statistics will publish the Job Openings and Labor Turnover Survey (JOLTS) data for May on Tuesday at 14:00 GMT. Market consensus points to a modest decrease in job openings from the previous month, as the Federal Reserve maintains its aggressive tightening cycle aimed at curbing inflation.

A lower number of job openings would signal some cooling in the labor market, which the Fed views as necessary to bring inflation back toward its 2% target. The data is closely watched by traders for clues on the pace of future rate hikes.