Breitbart Business Digest: Declining Job Openings May Help Bring Down Inflation

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Today's JOLTS data provided reassurance to monetary policymakers that inflationary pressures from the labor market may be retreating.

Job Openings and Labor Turnover Survey in the August report, which estimates vacancies as of the last business day of July. This is the first time openings have fallen below 9 million since March of 2021, when openings rose to 8.399 from 7.760 in the prior month.Wall Street analysts had forecast between 9.524 million and 9.570 million

, according to Econoday’s survey. The median forecast was for 9.559 million. So, the actual result was around 7.7 percent lower than the forecast.. Initially reported at 9.582 million, the June data were revised down to 9.165 million. That means that the openings for June were also the lowest since March 2021.

At the prepandemic peak—when the labor market was regarded as very tight by many economists, including Fed officials—the ratio was just 1.2. The historical average is 0.6 percent, according to the Federal Reserve Bank of San Francisco. Many economists consider a one-to-one ratio an indicator of a healthy labor market.

The historical peak was back in the very hot labor market of the late 1960s, when the ratio climbed above 1.5. So, the current ratio still represents what would historically have been consideredInterestingly, despite all the attention this ratio has received over the last few years, it garnered very little focus previously.

Earlier this summer, a trio of researchers at the San Francisco Fed took a close look at the question. They

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 610. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

ChatGPT offers 'business' version of artificial intelligence amid declining popularityArtificial intelligence firm OpenAI has announced a business version of its ChatGPT program, aimed at catering to logistic processes and data management.
출처: FoxBusiness - 🏆 458. / 53 더 많은 것을 읽으십시오 »

Business Highlights: Climate activists intensify actions; Heat deaths among US workers on the riseBusiness Highlights: A summary of the day’s top stories in the business world.
출처: AP - 🏆 728. / 51 더 많은 것을 읽으십시오 »

Business Highlights: Biden touts efforts to lower medical costs; US consumer confidence wanesBusiness Highlights: A summary of the day’s top stories in the business world.
출처: AP - 🏆 728. / 51 더 많은 것을 읽으십시오 »

Opinion: Immersing myself in hip-hop at a young age became my foundation and business inspirationThe beautiful thing about hip-hop is that it has been my lifelong how-to handbook.
출처: sdut - 🏆 5. / 95 더 많은 것을 읽으십시오 »