January 20, 2025
Image default
Business

U.S. labor market stays tight as workers remain scarce; manufacturing regains speed

Published by
Reuters

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell in April, but remained at significantly high levels, suggesting that wages would continue to rise as companies scramble for workers, and contribute to inflation staying uncomfortably high for a while. The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Wednesday also showed layoffs at a record low, underscoring the jobs market tightness. The Federal Reserve, fighting to push inflation down to its 2% target, is trying to bring demand and supply of labor back into alignment without driving the u…

Read More

Related posts

Microsoft eyes entire operations of TikTok in talks: report

The_Proponent

U.S. accuses couple of laundering $4.5 billion in bitcoin tied to 2016 hack

The_Proponent

U.S. unemployment rate drops to 3.6% as labor market rapidly tightens

The_Proponent

Central Bank Digital Currencies: the Road to the New World Economy

The_Proponent

Zoom is giving users unlimited time for their end-of-year video calls

The_Proponent

UK suffers record recession on virus fallout

The_Proponent

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.