Job Openings Decline in Sign of Cooler Demand for Workers
The red-hot labor market that has warmed the economy in recent months showed signs of cooling in November, with employers hiring fewer positions, fewer workers retiring and fewer people hiring. According to the Bureau of Labor Statistics' monthly report on job openings and turnover survey (JOLTS), the number of job vacancies was 8.79 million as […]
Job openings fall in November to fresh 2-year low
Alicia Levine, head of equities at BNY Mellon Wealth Management, and Mike Green, chief strategist at Simplify Asset Management, discuss whether the Fed's inflation strategy is effective at “making money.” do. U.S. job openings fell to their lowest level in more than two years in November, the latest evidence that the Federal Reserve's interest rate […]