The stock markets in the United States recovered amid a light volume and a week prior to the meeting of the Federal Open Market Committee FOMC, which is expected to decide regarding the timing of the interest rate hike. Sign up for our free newsletter Yesterday, the U.S. equity markets dropped. Analysts suggested that the market volatility persists. In an interview with Bloomberg, Dan McMahon, director of institutional equity trading at Raymond James and Associates noted the lack of volume or liquidity in the market. He commented, "People are on the sidelines, and you get these violent moves and you don't know what's behind them, there's really no rhyme or reason, so it's very difficult to make a rational decision in this kind of environment." The Department of Labor reported that the number of people who applied for unemployment benefits declined 6,000 top 275,000 for the week ended September 5. The figure demonstrated the continued improvement of the labor market. Yesterday, the agency reported that the number of job openings increased to 5.8 million in July. Employers appear to be experiencing difficulty in hiring qualified employees amid a strengthening labor market. Meanwhile, policymakers at the Bank of England BOE kept its main interest rates at 0.5%. The BOE stated that the market turmoil caused by concerns regarding China's economic slowdown had "the potential to add to the global headwinds to U.K. growth and inflation." The BOE added that these developments need "close monitoring."