Yahoo Finance’s Post

Job Market Update: 8.1 million openings in May Despite higher rates, the US economy shows resilience: ✅ Slight increase in job vacancies ✅ Stable voluntary resignation rates ✅ Continued economic growth This data reveals a complex economic landscape, balancing inflation concerns with potential future rate adjustments. https://lnkd.in/gxpdJ_27

Job Market Update: 8.1 million openings in May Despite higher rates, the US economy shows resilience: ✅ Slight increase in job vacancies ✅ Stable voluntary resignation rates ✅ Continued economic growth This data reveals a complex economic landscape, balancing inflation concerns with potential future rate adjustments. https://lnkd.in/eaJJx7aY

Job Market Update: 8.1 million openings in May Despite higher rates, the US economy shows resilience: ✅ Slight increase in job vacancies ✅ Stable voluntary resignation rates ✅ Continued economic growth This data reveals a complex economic landscape, balancing inflation concerns with potential future rate adjustments. https://lnkd.in/eaJJx7aY

Job Market Update: 8.1 million openings in May Despite higher rates, the US economy shows resilience: ✅ Slight increase in job vacancies ✅ Stable voluntary resignation rates ✅ Continued economic growth This data reveals a complex economic landscape, balancing inflation concerns with potential future rate adjustments. https://lnkd.in/eaJJx7aY

The number of job openings in the United States dropped below 9 million for only the second time since March 2021 in October, further indicating that the U.S. labor market is cooling off. According to the latest Job Openings and Labor Turnover Survey (JOLTS), 8.73 million positions remained unfilled on the last business day of October, the lowest reading since March 2021 and significantly lower than the consensus estimate of 9.3 million job openings. At the same time, the unemployment level edged up to 6.51 million in October, meaning there are now roughly 1.3 unfilled positions for every job seeker in a clear sign that the imbalance between labor demand and supply, identified by the Fed as one of the factors driving inflation, is gradually easing. Fed Chair Jerome Powell has repeatedly stressed that the labor market needs to balance out to relieve upward pressure on wages and thus cool inflation. The fact that inflation has come down notably despite the labor market remaining relatively strong has fueled hopes of a soft landing. The stronger-than-expected decline in October job openings further reduces the likelihood of another rate hike at the last FOMC meeting of the year next week.

Job Market Update: 8.1 million openings in May Despite higher rates, the US economy shows resilience: ✅ Slight increase in job vacancies ✅ Stable voluntary resignation rates ✅ Continued economic growth This data reveals a complex economic landscape, balancing inflation concerns with potential future rate adjustments. https://lnkd.in/eaJJx7aY

Job openings stay at 8.9 million — showing lots of demand for labor The number of job openings in the U.S. stayed at 8.9 million for the third month, indicating demand for labor remains quite robust. Federal Reserve officials want to see the labor market cool off further as they prepare to reduce interest rates later this year. A tight labor market can exacerbate inflation. Job openings remain high. That, coupled with strong hiring numbers, raises questions about whether Fed officials will get their wish. Job openings have shrunk from a record 12 million in 2022, but they are still much higher now than they were before the onset of the pandemic in 2020. “Labor demand still exceeds the supply of available workers,” Fed Chairman Jerome Powell said Wednesday in testimony to Congress.

Job openings, hires, and total separations decreased marginally in June according to the most recent JOLTS report. These figures indicate a slight cooling of the labor market, largely in response to the Fed's increased interest rates. #unemployment #federalreserve #interestrates #economy #labormarket

Job Market Update: 8.1 million openings in May Despite higher rates, the US economy shows resilience: ✅ Slight increase in job vacancies ✅ Stable voluntary resignation rates ✅ Continued economic growth This data reveals a complex economic landscape, balancing inflation concerns with potential future rate adjustments. https://lnkd.in/eqNmjPQp

The US job market has seen a decline in job openings to its lowest level in over three years, but the labor market remains steady with a low unemployment rate and consistent job additions. Despite rising interest rates, ongoing economic growth has kept the Federal Reserve's approach to managing interest rates and inflation adaptable to current conditions. Read more on the recent trends in the US job market here: https://lnkd.in/e5pVsvsd TalentFront