Federal Reserve Bank of Atlanta President Robert Bostic said the job market is still doing pretty well and the latest inflation data shows it still needs to be monitored cautiously. And said GDP is more resilient than expected. It is difficult to have confidence in any forecast at this time given the uncertainty of policy on multiple fronts. The Fed will remain on the sidelines until it gets more clear information.
In the United States, there were 7.60 million job vacancies in JOLTs in December, and 8 million were expected. The previous value was revised from 8.098 million to 8.156 million.
U.S. job openings fell more than expected in December to a three-month low, in line with a gradual slowdown in the labor market. A survey released Tuesday by the Bureau of Labor Statistics showed that U.S. JOLTs fell to 7.60 million job openings in December from a revised 8.16 million in November. The figure was lower than economists had generally expected. The decrease in job openings was driven by professional and business services, partially reversing the surge seen in the previous two months...
On January 27th, the general offices of the Ministry of Commerce and other six departments issued a notice on doing a good job in the "renewal" of home improvement kitchens and bathrooms in 2025. The notice proposes that all localities should focus on green, intelligent, and suitable for the elderly. The subsidy categories are mainly five categories of decoration materials, sanitary ware, furniture lighting, smart home, and home senior-friendly transformation products. The specific categories wi...
Gold prices edged lower in early trading after the latest US jobs data reinforced the Federal Reserve's cautious stance on interest rate cuts this year, a scenario that boosted the dollar and sent gold futures down about 0.2 per cent. Ipek Ozkardeskaya, senior analyst at Swissquote, said in a note to clients: "Following the data release, the probability of the Fed not cutting rates in May surged to 67 per cent, while the probability of a rate cut in June was close to a 50/50 probability." Howeve...
In the United States, there were 8.098 million job vacancies in JOLTs in November, and 7.70 million were expected. The previous value was revised from 7.744 million to 7.839 million.
Non-farm boots landing, the US job market continues to cool; Powell assists "100,000 dollar historical market", how much space is there for follow-up imagination? Oil prices continue to decouple from inventories, the market ignores OPEC + to give positive, and the two major market blind spots have not reached a consensus. Should crude oil bulls continue to insist? Click to get weekly macro analysis > >
IMF First Deputy Managing Director Gopinath: About 40% of global employment will be at risk from artificial intelligence, of which 20% could benefit and another 20% could be replaced. In advanced economies, the risk of being affected by artificial intelligence could be as high as 60%, while emerging markets and developing countries are less at risk.
The Bureau of Labor Statistics (BLS) said in its employment report on Friday that it no longer plans to cut the sample size of the key labor market survey because of a recently passed continuity resolution that "allows the BLS to use funds from the Current Population Survey (CPS, also known as the household survey) at a faster rate." BLS Commissioner Erika McEntarfer first announced the plan to cut the sample size in June, citing budget constraints and declining response rates that make the surv...
The US job market may further cool down? Gold and Nasdaq hit a new record high! Middle East ceasefire negotiations continued this week, and it is reported that Israel is trying to resolve the Lebanese issue through diplomatic means... What major events happened around the world yesterday and this morning?
The JOLTs job openings in the United States for September and the Consumer Confidence Index for October will be released in ten minutes.
In the United States, there were 7.443 million job vacancies in JOLTs in September, and 8 million were expected. The previous value was revised from 8.04 million to 7.861 million.
JOLTS job openings in the U.S. fell to 7.443 million in September, the lowest since February 2021.
U.S. short-term interest rate futures rose slightly after the release of U.S. job openings data, as traders increased their bets on a rate cut by the Federal Reserve.
Federal Reserve Goolsbee: The job market has cooled to full employment.