US labor market remains tight; manufacturing slumps further

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US labor market remains tight; manufacturing slumps further
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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 marketJob 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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