The U.S. Bureau of Labor Statistics is about to release the new JOLTS report. This report is quite important. It covers data on job openings, layoffs, and separations.

Market analysts predict that job vacancies will drop to around 8.9 million in September. It's quite interesting. This number is lower than before, suggesting that the labor market is slowly cooling down. However, there are still quite a few vacancies.

The JOLTS report comes out earlier than the non-farm employment report. It's quite good. It provides everyone with more information. The non-farm report from last month was not very optimistic, only adding 150,000 jobs.

The Federal Reserve will definitely keep an eye on this report. Why? Because it reflects the supply and demand situation in the labor market. Since last year, job vacancies have been declining. But they are still higher than before the pandemic.

Some say that if the number of vacancies falls below 8.5 million, then it will really cool down. This could affect the Federal Reserve's decision-making. But what if it is above expectations? That would indicate that the market is still tense.

In conclusion, this JOLTS report is quite crucial. Everyone is waiting to see it. It might tell us how the labor market is actually doing.