Reported 12 months ago
The latest Job Openings and Labor Turnover Survey (JOLTS) for May exceeded Wall Street expectations, with 8.14 million job openings. Macquarie's head of economics, David Doyle, emphasizes the importance of monitoring wage growth numbers, stating that strong wage growth could delay further Fed rate cuts. Additionally, discussions regarding GDP data show concerns over a potential drop to 1.7% growth, although this level is considered relatively in line with trend growth.
Source: YAHOO