US labor market remains tight; manufacturing slumps further

📆 06/01/2023 00:59:00
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US job openings fell less than expected in November as the labor market remains tight, which could see the Federal Reserve boosting interest rates to a higher level than currently anticipated to tame inflation.

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Job openings remain elevated in November despite Fed efforts to cool labor marketThe Labor Department reported on Wednesday that there were 10.5 million job openings at the end of November, a sign the labor market remains very tight.
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