US Job Openings Rise to 8.1 Million Despite Higher Interest Rates
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#f15ab276 ver:0.28

Despite higher interest rates, US job openings rose to 8.1 million in May, surprising economists. The labor market remains resilient, with stable hires, quits, and layoffs. This is good news for the Federal Reserve, giving them more time to assess the economy before cutting rates. However, concerns arise as full-time employment falls and part-time employment rises, raising questions about the overall health of the labor market. The US labor market is expected to have tempered hiring in June, with payrolls projected to increase by about 190,000, and average hourly earnings climbing 3.9% from last year. The moderation in employment and wage growth is seen as favorable for the Federal Reserve, while the market anticipates a rate cut in September. #USjobs #economy #interestrates #FederalReserve...

#newstr #UsJobOpenings #HigherInterestRates #LaborMarket 

 https://here.news/story/f15ab276?ver=0.28