Reported 4 months ago
The Job Opening and Labor Turnover Survey (JOLTS) in the US showed a decline in job openings to the lowest level since February 2021, indicating a weakening labor market with businesses cutting labor costs by reducing new hires. Economists discuss the potential impact on the Federal Reserve's interest rate decisions, with one forecasting a rate cut in September. While one expert expresses concern about a recession due to slowing consumption and housing, another remains optimistic, citing continued consumer spending as a buffer against economic downturn.
Source: YAHOO