US inflation rose slightly last month after 2 years of steady cooling but remained low
WASHINGTON (AP) — US inflation rose slightly last month after 2 years of steady cooling but remained low.
WASHINGTON (AP) — US inflation rose slightly last month after 2 years of steady cooling but remained low.
U.S. job openings increased solidly in October while layoffs dropped by the most in 1-1/2 years, suggesting the labor market continued to slow in an orderly fashion. But the Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed employers hesitant to hire more workers. The historically low level of layoffs is anchoring the labor market and the broader economy through higher wages that are driving consumer spending.
Job openings rebounded in October as investors continued to debate how rapidly the US labor market is cooling to end 2024.
The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Openings rose 5% to 7.7 million from 7.4 million in September, the Labor Department said Tuesday.
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