U.S job openings stay high at 10.5 million and show labor market still very strong

The numbers: Job openings in the U.S. fell slightly to 10.46 million in November, but workers were still quitting in droves in a sign the labor market remains quite strong — too strong for the Federal Reserve.

The jobs market is still too hot for the Fed, however. The Fed is worried high inflation will persist unless hiring slows and a rapid increase in wages tapers off. Rising interest rates, a slowing economy and worries about recession have spurred businesses to fill fewer open jobs.

$21.00 per hour does nothing when taxes & prices have gone up X2. This is why people with IQs lower than 130 should not be allowed to vote.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

US home price gains fall sharply in November as rising mortgage rates cool housing marketHome prices rose 8.6% in November, according to new CoreLogic data, the smallest gain in two years as high mortgage rates exclude prospective homebuyers.
Source: FoxBusiness - 🏆 458. / 53 Read more »