U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers.
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Tag: labor market
US weekly jobless claims fall; business spending on equipment softening
Weekly jobless claims fell more than expected, but the U.S. labor market slowdown, driven by higher interest rates and economic concerns, continues to worry big money managers.
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U.S. Treasury Secretary Expresses Confidence In The Economy Despite Rising Inflation, UAW Strike
Treasury Secretary Janet Yellen said Monday she did not see any signs of the U.S. economy entering a recession, citing the strong labor market, cooling inflation, and robust consumer spending as reasons for her forecast.
Read More U.S. Treasury Secretary Expresses Confidence In The Economy Despite Rising Inflation, UAW Strike