JOLTS: Why the labor market may still be on 'solid footing'

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Josh Schafer News

JOLTS,Federal Reserve

The US Job Opening and Labor Turnover Survey (JOLTS) saw job openings in April fall to the lowest level since February 2021, coming in at 8.06 million from...

joins Catalysts to discuss what the report and other recent economic indicators signal about the economy's overall health ahead of the Federal Reserve's next interest rate decision.Today's update on job openings could be a sign that the labor market starting to have a little bit of weakness here.The data following a reading on activity in the manufacturing sector that did come in.

I'm just curious what change you're seeing in terms of the reading and the tenor about the economy of course, but also markets.So when we started the year, we wrote a story back in, I think February of how the economists kept chasing the market higher, they were chasing the economy higher, the economy kept outperforming.And that seems to have slowed a little bit really in the last month.I mean, if you remember the Q one GDP print that we had now at 1.

So like when, if we were to have the economy continue at this pace, it sort of fits with a lot of strategist base case right now, which would be for the S and P 500 to finish at maybe 5500 or 5600. In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share.Jäykät nivelet? Kokeile Arthorol Prota ilmaiseksi*

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