Reported 4 months ago
In the latest April's US Job Opening and Labor Turnover Survey (JOLTS), a decline in job openings to 8.06 million was reported, the lowest since February 2021. Bankrate Senior Economic Analyst Mark Hamrick notes that this normalization reflects the economy's process post-pandemic disruptions, indicating a relatively healthy post-COVID stabilization. He mentions the Federal Reserve's focus on stable prices, attributing the inflation to supply chain disruptions rather than wage gains. Hamrick expects one to two rate cuts by the end of the year, highlighting that there's a long way to go before reaching that point.
Source: YAHOO