The EURUSD has raced higher after the JOLTs job report. The vacancy rate is being touted as a indication of the slack coming out of the labor market. Key Points about Vacancy Rate:Formula: Vacancy Rate=(Number of Job Openings / (Number of Employed Workers + Number of Job Openings)) × 100Indicator of Labor Demand: A higher vacancy rate indicates a high demand for labor, potentially signaling a strong economy or labor shortages. A lower rate is indicative of lower demand for labor. The vacancy rate is declining indicative of more slack in the labor markets.Industry and Sector Variations: The vacancy rate can vary widely across different industries, reflecting sector-specific labor demands
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