#Job openings dipped in October in positive sign for Fed

#Job openings dipped in October in positive sign for Fed

“Job openings dipped in October in positive sign for Fed” US job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in October, down from 10.7 million in…

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#US producer prices soar 10.8% in May as cost of gas spikes

#US producer prices soar 10.8% in May as cost of gas spikes

“US producer prices soar 10.8% in May as cost of gas spikes” US producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing. Tuesday’s report from the Labor Department showed that the producer price index — which measures inflation before it reaches…

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