US Job Openings Hit 3-Year Low as Market Cools
TL;DR Summary
The U.S. job market has returned to pre-pandemic conditions as the Beveridge Curve, which plots job openings against the unemployment rate, has realigned to its 2018-2019 state. This suggests that inflation can decrease without a significant rise in unemployment. However, inflation remains above the Federal Reserve's 2% target, and the labor market's future stability is still uncertain. Key indicators like the quits rate and monthly payroll growth are also showing signs of normalization.
- US job market hits milestone on long, strange trip back to pre-pandemic normal Yahoo Finance
- Job openings fell again in April, hitting lowest level since February 2021 in a sign of labor market weakening CNBC
- Job openings fall to new 3-year low, as the US economy continues to slow CNN
- The Post-Pandemic Job Bonanza Is History Investopedia
- Job openings in U.S. fall to three-year low as labor market cools MarketWatch
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
3 min
vs 4 min read
Condensed
90%
696 → 73 words
Want the full story? Read the original article
Read on Yahoo Finance