released Tuesday showed there were 8.76 million jobs open at the end of February, a slight increase from the 8.75 million job openings in January, which was revised lower. Economists surveyed by Bloomberg had expected the report to show there were 8.73 million openings in February.
Though the data from Tuesday's release is from February and other labor market data due out this week will reveal any movements in March, Citi economist Veronica Clark noted that both hires and quits are "useful indicators of labor market patterns." Vanden Houten noted that data like Tuesday's likely eases any concerns "about the downside risks to the economy from taking a patient approach toward rate cuts," for now. With, the view among economists is the Fed could wait to hold rates as long as the employment side of its dual mandate holds up.The Fearless Girl statue is seen in front of the New York Stock Exchange on April 30, 2020 in New York City.
" should re-anchor expectations for a cooling labor market, but not one that is showing significant signs of weakness," Gapen wrote.BAZA TelegramA factory deep inside Russia that was accused of assembling Iranian attack drones for use against Ukraine came under attack early Tuesday, injuring at least 12 people, according to local authorities.
Russia's economy has been resilient but that could change this year, and Putin could lose the support of the populace, economists told Business Insider.Photo Illustration by Luis G. Rendon/The Daily Beast/Getty ImagesFor nearly a year, two of the loudest members of Congress—Reps. Matt Gaetz and Marjorie Taylor Greene —have quietly pursued a First Amendment lawsuit in California, as Politico recently revealed, with essentially no public spectacle, statements, or fundraising solicitations.
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