With inflation steady (if still too high), the Fed has become more aware of the changing conditions in labor markets, where the unemployment rate has again retreated somewhat after creeping as high as 4.3%. Currently, unemployment is running at a 4.1% rate, job openings have increased somewhat...
2025 job openings fall as labor market cools the drop of more than half a million open positions was led by decreases in business and professional services as well as health care. tim smart feb. 4, 2025 load more best countries overall rankings rankings index countries...
the U.S. economy currently has about 3 million job openings, but approximately 20 percent of the workforce wants to find a full-time job. The demand for jobs is far, far, far greater than the supply.
"Job openings continue to exceed job hires, indicating employers are still struggling to fill vacancies," said Odeta Kushi, an economist with First American. Will this affect student loans? Borrowers who take out new private student loans should prepare to pay more as as rates increase. The cur...
Thursday’s inflation report reflected a long-anticipated decline in rental and housing costs. Those costs had jumped in the aftermath of the pandemic as many Americans moved in search of more spacious living space to work from home. Hiring and job openings are also cooling, thereby...
including declining job vacancies, a lower quits rate, and a reduced ratio of job openings to unemployed workers. Some participants indicated that business contacts had reported less difficulty in hiring or retaining workers, although contacts in several Districts continued to report ...
July's job gain was the smallest since the pandemic. “The labor market is weakening,” said Eugenio Aleman, chief economist at Raymond James Financial. “It is not falling apart, but it is weakening.” The cooling jobs figures underscore why the Federal Reserve is set...
WASHINGTON (AP) — Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. In September, its officials predicted that they would reduce their benchmark rate...
Furthermore, today’s job openings data suggest an incredibly resilient labor market,” he said. “Inflation is not over, and neither is the Fed’s battle against it.”— Michelle Fox 6 HOURS AGOPowell begins with aggressive stance against inflationJerome Powell has started his press conference...
The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes. Read on.