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In a labor market driven by consumer-led sectors, ... have held in a tight range over the past several months. ... Read the latest financial and business news from Yahoo Finance. morning brief image.
The labor market is steadily rebalancing in the wake of 525 basis points worth of rate hikes from the U.S. central bank since March 2022 to cool demand in the overall economy.
Tight labor markets gave job seekers more leverage to switch positions for higher pay, while immigration is broadly considered to have allowed the overall economy to grow faster than it would have ...
The decline in job openings reflects a labor market that has slowed back to a pre-pandemic pace after experiencing years of blockbuster growth: The rate of openings as a percentage of total ...
The insured unemployment rate was unchanged at 1.2%, consistent with a still-tight labor market. The claims data have no bearing on March's employment report, scheduled to be released on Friday ...
To be sure, there have been recent signs of cooling in the labor market. The Job Openings and Labor Turnover Survey (JOLTS) showed the hiring rate held flat at 3.4% in December and is hovering ...
"The market has taken rate hikes down off the table for this year, but for how long if the labor market remains tight." Job openings, a measure of labor demand, were up 56,000 to 9.553 million on ...
The labor market is being underpinned by very low levels of layoffs, but employers are hesitant to add more workers after a hiring spree during the recovery from the COVID-19 pandemic.