US Job Openings at Lowest Level Since 2021

The video discusses recent economic data, focusing on job openings and manufacturing activity. Mike McKee, a Bloomberg correspondent, analyzes the JOLTS data, highlighting a tight labor market with a slight decrease in job openings and quit rates. The manufacturing sector shows signs of contraction, with employment numbers falling. The upcoming jobs report is expected to show a steady unemployment rate, with the Fed monitoring job creation and earnings closely to manage inflation.

What is the expected unemployment rate for the upcoming jobs report?

What does the Fed want to see regarding average hourly earnings?