Consumer Strength Powers Growth Despite Soft Job Openings
JOLTS was stronger than it looked April’s key figures Survey of Job Openings and Labour Mobility (JOLT) The weaker-than-expected reading was a relief to those who believe a softening labor market will provide the basis for the Fed to cut interest rates this year. But a closer look at the report suggests the labor market […]
Job openings unexpectedly fall in April to lowest level in 3 years
Writing in Making Money, Michael Gapen, head of U.S. economics at Bank of America Securities, discusses whether April’s jobs report will influence the Fed’s interest rate decision. U.S. job openings fell to the lowest level in more than three years in April, the latest sign that the labor market is cooling as the economy slows. […]
Job Openings Slip To Three Year Low
U.S. job openings fell in March to the lowest level in three years, and fewer workers were hired, according to Labor Department data on Wednesday. Employers had posted 8.5 million job openings at the end of March, down from an upwardly revised figure of 8.8 million in February, according to the Job Openings and Turnover […]
Job openings drop to 3-year low of 8.5M as fewer workers quit
U.S. job openings fell to the lowest level in more than three years in March, but remained at historic highs, a sign that the job market remains resilient despite rising interest rates. The Labor Department reported Wednesday that employers posted 8.5 million job openings in March, down from 8.8 million in February and the lowest […]
Masters 2024: Weather, 45 mph winds lead to Augusta National gate openings delayed
On the eve of the 88th Masters Tournament, meteorologists predicted that this year’s weather would have a major impact on the event. A major storm has formed in Augusta, Georgia with very strong winds. At least an inch and a half of rain is expected to fall in Augusta National Park early Thursday morning. It […]
Job openings rise to 9M in December as layoffs increased
U.S. employers announced 9 million job openings in December, a slight increase from November, showing that the U.S. job market remains resilient despite the headwinds of rising interest rates. This is a new sign that there is. The number of job openings rose from 8.9 million in November, but the figure itself was revised upward […]