The US unemployment rate has been below 4% for 23 consecutive months, and the number of persons registering for unemployment aid has stayed exceptionally low.
US job openings rise while resignations decline inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
U.S. job openings unexpectedly increased in December and data for the prior month was revised higher, suggesting that the labor market likely remains too strong for the Federal Reserve to start cutting interest rates in the first quarter. Nevertheless, the labor market is gradually cooling, with the report from the Labor Department on Tuesday also showing Americans staying put at their current jobs, which could help to slow wage growth. Fed officials are expected to keep rates unchanged at the end of a two-day policy meeting on Wednesday against the backdrop of a resilient economy, which is being anchored by the labor market through consumer spending.
The labour market is gradually cooling, with the report from the Labor Department on Tuesday also showing Americans staying put at their current jobs, which could help to slow wage growth
U.S. job openings
unexpectedly rose in December and data for the prior month was
revised higher, suggesting the labor market likely remains too
strong for the Federal Reserve to start cutting interest. -January 30, 2024 at 11:44 am EST
- MarketScreener