#Job openings stayed high in November in blow to Fed

#Job openings stayed high in November in blow to Fed

“Job openings stayed high in November in blow to Fed” US job openings slipped in November but remained high, suggesting businesses are still determined to add workers, a blow to the Federal Reserve’s efforts to cool hiring and wage gains. There were 10.46 million job vacancies on the last day of November, down slightly from a…

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#Jobless claims rise for second straight week

#Jobless claims rise for second straight week

“Jobless claims rise for second straight week” The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the job market remains tight, even as the Federal Reserve works to cool demand for labor as part of its bid to lower inflation. Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for…

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#Jobless claims fall to lowest level in over two months

#Jobless claims fall to lowest level in over two months

“Jobless claims fall to lowest level in over two months” The number of Americans applying for unemployment benefits fell significantly last week, a sign that the labor market remains strong even as the Federal Reserve continues to raise interest rates in an effort to cool the economy and slow inflation. Applications for jobless claims fell…

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#Jobless claims rise by 4,000 as labor market remains tight

#Jobless claims rise by 4,000 as labor market remains tight

“Jobless claims rise by 4,000 as labor market remains tight” The number of Americans filing new claims for jobless benefits increased moderately last week, while continuing claims hit a 10-month high towards the end of November, suggesting the labor market was gradually slowing down. Still, labor market conditions remain tight, keeping the Federal Reserve on course to continue increasing…

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#Jobless claims fall by 16,000 after surging a week earlier

#Jobless claims fall by 16,000 after surging a week earlier

“Jobless claims fall by 16,000 after surging a week earlier” Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26. That unwound some of the surge in the prior week, which had boosted claims. While some of the rise reflected a surge in layoffs in the technology sector, claims also tend to…

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#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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#Central bank could cut rates in 2024

#Central bank could cut rates in 2024

“Central bank could cut rates in 2024” New York Federal Reserve President John Williams on Monday declined to say how fast and how far he believes the US central bank will need to raise interest rates over coming months but reckons a rate cut is possible in 2024 as inflation pressures ease. “I do think we’re going to need to…

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#Jobless claims drop as widespread layoffs remain low

#Jobless claims drop as widespread layoffs remain low

“Jobless claims drop as widespread layoffs remain low” The number of Americans filing new claims for unemployment benefits fell last week, showing widespread layoffs remain low despite a surge in technology-sector job cuts that has raised fears of an imminent recession. The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on the economy’s…

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