U.S. job openings dropped by the most in 14 months in December, but steady hiring and low layoffs suggested that the labor market was not abruptly slowing down.
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Tag: interest rate
US weekly jobless claims fall; unemployment rolls shrink
The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along.
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Wall St edges higher after inflation data keeps Fed rate-cut hopes intact
Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the Federal Reserve on track to deliver another interest rate cut in December.
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Fed Cuts Interest Rates By 0.5%; First Cut In Four Years
The Federal Reserve cut interest rates by 0.5% for the first time since 2020. This move comes after inflation dropped to 2.5% from 9.1% and follows a revision showing nearly one million fewer jobs added than initially reported.
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US import prices post largest drop in eight months
Import prices dropped by the most in eight months in August, suggesting that domestic inflation will continue to subside in the months ahead.
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U.S. Economy Added 142K Jobs In August, Falling Below Expectations
The latest job growth report showed that job additions in August increased but missed economists’ estimates, with the unemployment rate staying nearly the same.
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