More evidence that the US job market remains hot after US job openings rise unexpectedly in August

📆 03/10/2023 18:41:00
📰 YahooFinanceCA

⏱ Reading Time:
32 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

WASHINGTON (AP) — U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong desite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve. American employers posted 9.6 million job openings in August, up from 8.9 million in July and the first uptick in three months, the Labor Department said Tuesday. Economists had expected only another 8.9 million vacancies. The number of layoffs and of people quitting their jobs — a s

WASHINGTON — U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong desite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve.

Fed Chair Jerome Powell has expressed hope that hiring would moderate in the least painful way possible — with fewer vacancies and less job-hopping rather than through layoffs. Chinese consumers are turning to the lottery for money as the economy sputters and youth unemployment soarsNEW YORK — Former President Donald Trump returned to a New York court Tuesday after a fiery start to his business fraud lawsuit trial, venting anew about a case he deems bogus. After Monday's opening statements, Tuesday's court action was expected to center on the more plodding task of going through years of his financial documents.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toronto man arrested in connection with deadly shooting near Kensington Market in August; victim identifiedPolice have arrested a man in connection with a deadly shooting near Toronto's Kensington Market in August.
Source: CP24 - 🏆 30. / 67 Read more »