President Donald Trump is applying more pressure to Federal Reserve Chair Jerome Powell to cut interest rates after a Wednesday report showed job hiring slowed down last month.
Read More Trump urges Fed Chair Powell to cut interest rates following disappointing jobs report
U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing.
Read More US job openings fall in March; layoffs decline
The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labor market remained stable in March.
Read More US labor market remains stable, but job opportunities limited
The ADP National Employment Report on Wednesday also showed a moderation in wage growth for workers changing jobs.
Read More US private payrolls post smallest gain in seven months
Wall Street’s main indexes climbed on Wednesday, while investors awaited comments from Federal Reserve Chair Jerome Powell later in the day.
Read More Tech rally drives S&P 500, Nasdaq to record highs; Powell comments in focus
The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along.
Read More US weekly jobless claims fall; unemployment rolls shrink