U.S. Job Openings Hit 3-Year Low in April
TL;DR Summary
U.S. job openings fell to 8.059 million in April, the lowest in over three years, indicating a cooling labor market that could aid the Federal Reserve's efforts to control inflation. The ratio of job openings to job-seekers dropped to 1.24, the lowest since June 2021. The Fed is expected to maintain its current policy rate, with potential rate cuts anticipated later in the year if inflation trends downward.
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