Here Comes JOLTS...

The Bureau of Labor Statistics is set to release its latest Job Openings and Labor Turnover Summary, or JOLTS report, at the top of the hour.

Expectations are for the report to show 4.6 million job openings as of the end of June, down slightly from the 4.635 million openings that existed at the end of May.

The JOLTS report is one of Janet Yellen's preferred economic indicators, and will be watched closely ahead of next week's Jackson Hole symposium, which is being held under the title "Re-Evaluating Labor Market Dynamics."

This chart from FRED shows the recent trend in the JOLTS report.