US Job Openings Ease as Layoffs Stay Limited

Bloomberg's Michael McKee discusses the June JOLTS report, which showed job openings easing to 7.36 million and the quits rate edging up, alongside updated factory orders and durable goods revisions. He and the host agree that JOLTS is a volatile, lagging data point with limited market impact, while attention turns to upcoming ADP payrolls and ISM services. - June JOLTS job openings fell to 7.36M from 7.54M in May. - Quits rate ticked up to 2%, signaling some consumer confidence in job switching. - Factory orders revised down 0.3%, durable goods orders strengthened to +0.5%. - Capital goods orders non-defense ex-air rose 1.2%, tracked as a business spending proxy. - McKee says JOLTS remains above neutral and unlikely to drive market action. - Attention pivots to upcoming ADP employment and ISM services reports.