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Us Job Openings

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economics1 year ago

"December Sees Surge in US Job Openings, Exceeding Expectations"

US job openings unexpectedly rose to 9 million in December, the highest level in three months, indicating a resilient labor market despite higher interest rates. The Federal Reserve closely watches these figures to gauge labor market tightness and inflation, and while job openings remain historically high, policymakers have signaled a potential pivot to reducing rates. The number of Americans quitting their jobs remains high, indicating confidence in finding new employment, and job-switchers have seen a significant increase in real hourly wages.

via Fox Business|
#economics#federal-reserve#interest-rates
finance2 years ago

US Job Openings Plummet, Dollar Dips and Treasury Yields Sink

US job openings in October plunged to the lowest level since March 2021, while the US November ISM services index came in slightly higher than expected. The German DAX index rallied to an all-time high, and the ECB's Vujcic stated that he expects no more rate hikes and data-dependent decisions. The RBA and ECB's dovish stance led to declines in sovereign yields in Europe and Australia, suggesting central banks may be behind the cutting curve. Falling oil prices and declining input prices contributed to a sense of declining inflation. Gold retraced while Bitcoin soared, breaking higher to $44,000. The euro and pound both experienced selling pressure.

via ForexLive|
#bitcoin#ecb#finance
economy2 years ago

US Job Openings Plummet to Lowest Level in Over 2 Years

US job openings fell to a more than 2-1/2-year low in October, signaling a cooling labor market and suggesting that higher interest rates were dampening demand for workers. The decline in job openings, along with other inflation-friendly reports, has led financial markets to anticipate a rate cut as early as next March. The data also showed a decrease in resignations, which could help ease wage inflation over time. The Federal Reserve is expected to leave rates unchanged next week, and economists project tepid growth in the fourth quarter after a strong third quarter.

via Reuters|
#economy#federal-reserve#interest-rates
economy2 years ago

Surprising Increase in US Job Openings Recorded for August

The number of job openings in the US unexpectedly increased in August, reaching 9.61 million, according to the Bureau of Labor Statistics. This surge indicates the continued strength of the labor market. The biggest jumps in job postings were seen in professional and business services, finance, other services, and nondurable goods manufacturing. However, despite the increase in openings, job postings have already fallen to pre-pandemic levels according to online employment sites. The number of new hires and workers quitting their jobs showed minimal movement, while layoffs remained steady. The ratio of open jobs to unemployed persons looking for work decreased slightly compared to last year. Federal Reserve officials have highlighted the robust labor market as a factor in lowering inflation. The unexpected rise in job openings led to a decline in stock prices.

via CNN|
#bureau-of-labor-statistics#economy#employment
economy2 years ago

US Job Openings Remain Elevated Despite Two-Year Low

US job openings fell to the lowest level in over two years in June, but remained at levels consistent with a tight labor market. The Job Openings and Labor Turnover Survey (JOLTS) report also showed a decline in layoffs and discharges for the third consecutive month. Despite the resilience of the labor market, workers are showing less interest in seeking new opportunities. Manufacturing activity appeared to stabilize at weaker levels in July, according to the Institute for Supply Management (ISM) report. Higher borrowing costs are impacting manufacturing, but factory production rebounded in the second quarter.

via Reuters|
#economy#federal-reserve#jolts-report
economy2 years ago

Jobless Claims Rise in US, Layoffs Remain Stable

US job openings dipped to 9.8 million in May, down from 10.3 million in April, but remained at historically high levels, indicating resilience in the labour market. Despite the Federal Reserve's efforts to cool the market and slow the economy with higher interest rates, job openings remain elevated. Layoffs decreased slightly, and more Americans quit their jobs, suggesting confidence in finding better opportunities. Economic growth has slowed, and inflation has decreased but remains above the Fed's target. The strong job market has raised doubts about an impending recession, with employers adding a significant number of jobs each month and the unemployment rate near a half-century low.

via Indiatimes.com|
#economic-growth#economy#inflation