Latest Breaking News On - Hill naomi jagoda - Page 5 : comparemela.com
The Hill s Morning Report - Presented by Goldman Sachs - Democrats lean into midterm strategy as Senate returns to work
thehill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehill.com Daily Mail and Mail on Sunday newspapers.
On The Money: Democrats closing in on massive infrastructure deal, but battle brews over tax hikes | What to know about the new child tax credit payments
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
On The Money: Democrats closing in on massive infrastructure deal, but battle brews over tax hikes | What to know about the new child tax credit payments
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
ADVERTISEMENT
THE BIG DEAL Job openings stayed at record high of 9.2 million in May: Job openings held at a record high of 9.2 million in May while resignations dropped slightly from a historic peak, according to data released Wednesday by the Labor Department.
The number of open jobs on the final business day of May changed little from the peak set in April.
Quits fell to 3.6 million from a record high of 3.9 million in April, but remained well above levels seen earlier in the year.
“It’s a job seeker’s market as worker demand remains at record highs,” said Daniel Zhao, senior economist at Glassdoor, in a Wednesday analysis. “Elevated quits emphasize that labor shortages are a double whammy for employers it s not just harder to hire workers, it s also harder to retain them.” I explain here.
By the numbers:
Economists expect the U.S. to have added roughly 700,000 jobs in June, compared with the previous month’s 559,000, bringing the unemployment rate down 0.1 percentage point to 5.7 percent.
Analysts say a wide range of private sector data measuring payrolls, travel and mobile purchases have shown consumer activity hitting new pandemic highs all positive signs for the job market.
“There have been really striking improvements, and a lot of high frequency indicators of economic activity point in the direction of increased employer demand for workers,” said Julia Pollak, labor economist at ZipRecruiter.
Even so, economists say the U.S. has not yet been able to declare its independence from COVID-19’s weight on the labor market. I explain why here.