Reported 1 day ago
U.S. job openings increased to 8.1 million in November, surpassing expectations, despite a decline in hiring and quitting rates. The latest report indicates that hiring fell to 5.27 million from 5.39 million a month earlier, with the hiring rate dropping to 3.3% and the quits rate to 1.9%. Analysts interpret this trend as a sign of a cooling labor market, prompting a gradual approach to interest rate cuts while waiting for further inflation progress.
Source: YAHOO