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Powell: Most people think we're not going back to ultra low rates of the recent past but nobody really knows
POWELL: MOST PEOPLE THINK WE'RE NOT GOING BACK TO ULTRA LOW RATES OF THE RECENT PAST BUT NOBODY REALLY KNOWS
— *Walter Bloomberg (@DeItaone) July 2, 2024
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- From bls.gov|2 hr 16 min ago|3 comments
The number of job openings changed little at 8.1 million on the last business day of May, the U.S. Bureau of Labor Statistics reported today. Over the month, both the number of hires and total separations were little changed at 5.8 million and 5.4 million, respectively. Within separations, quits (3.5 million) and layoffs and discharges (1.7 million) changed little. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. On the last business day of May, the number of job openings changed little at 8.1 million. This measure was down by 1.2 million over the year. The job openings rate was little changed at 4.9 percent in May. Job openings decreased in accommodation and food services (-147,000) and in private educational services (-34,000). The number of job openings increased in state and local government, excluding education (+117,000), durable goods manufacturing (+US job openings unexpectedly grew in May, reflecting a still resilient labor market The number of available jobs in the US unexpectedly grew in May, signaling continued resilience in the nation’s labor market. Job openings jumped higher to 8.14 million in May, from a downwardly revised 7.91 million in April, according to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) report released Tuesday. Economists had expected openings would fall to 7.91 million, according to FactSet consensus estimates. Despite the uptick in job postings, May’s JOLTS report reflected a significant milestone for the US labor market: The ratio of job openings to those who are unemployed fell to 1.22 available jobs per job seeker, matching the figure seen in February 2020. post: Job openings were revised down for April and held steady in May. The vacancy-to-unemployed ratio fell to 1.22 in May, the lowest since before the pandemic. https://t.co/OyExnUp1rz pic.twitter.com/QlJ6BBC2Yo
- From @FirstSquawk|2 hr 27 min ago|2 comments
post: FED'S POWELL: WAGE INCREASES STILL ABOVE WHERE THEY WILL WIND UP IN EQUILIBRIUM || SAYS LABOUR MARKET COOLING OFF post: Powell dismisses the focus on core services ex-housing in favor of focusing on the labor market. "You can see the labor market is cooling off, appropriately so, and we’re watching it very carefully." "Indeed it looks like you’re doing just what you would want it to do." post: Fed's Powell: “We don’t’ see ourselves getting back to 2% inflation this year or next year, maybe late next year." post: FED'S POWELL: POLICY IS STILL RESTRICTIVE AND IT'S APPROPRIATE. post: POWELL: THE RISK OF INFLATION IS THAT (WE) ACT TOO FAST
- From @NourHammoury|2 hr 38 min ago|6 comments
post: *POWELL: LAST INFLATION READING SUGGESTS DISINFLATION PATH post: POWELL: MADE QUITE A BIT OF PROGRESS ON INFLATION post: FED'S POWELL: IF LABOR MARKET UNEXPECTEDLY WEAKENS, THAT WOULD ALSO CAUSE US TO REACT. post: FED'S POWELL: WE HAVE THE ABILITY TO TAKE OUR TIME AND GET THIS RIGHT. post: POWELL: WELL AWARE OF RISK OF GOIND TOO SOON AND TOO LATE
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- From @financialjuice|1 hr 53 min ago
post: ECB'S PRESIDENT LAGARDE: IT IS VERY UNLIKELY THAT WE'LL GO BACK TO ULTRA-LOW RATES.
- From apnews.com|1 hr 45 min ago
Sweden launched a groundbreaking new law on Monday that allows grandparents to step in and get paid parental leave while taking care of their grandchildren for up to three months ...
- From @financialjuice|1 hr 43 min ago|3 comments
post: FED'S POWELL: INFLATION A YEAR FROM NOW SHOULD BE IN THE MID TO LOW 2S. post: FED'S POWELL: I WOULD BE HAPPY IF UNEMPLOYMENT STAYS RIGHT WHERE IT IS. post: POWELL: 4% IS STILL A VERY LOW LEVEL FOR UNEMPLOYMENT RATE
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- Posted: Jul 2, 10:18am (1 hr 58 min ago)
- Submitted by:Category: Medium Impact Breaking NewsComments: 0 / Views: 1,402
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