WASHINGTON (AP) — U.S. jobopenings unexpectedly rose in August, another sign the U.S. labor market remains strong despite higher interest rates — perhaps too strong for the inflation fighters ...
Analysts said the job market strength made an early rate cut less likely. "The USemployment data provided a shock, beating expectations by miles, with earnings much higher than expected as well ...
The number of Americans filing new applications for unemployment benefits last week rose slightly to 230,000, matching economists’ expectations as the USjob market continues to cool.
The surprisingly solid numbers put Fed Chair Jerome Powell on course to reduce interest rates by a modest quarter of a point when the central bank holds its next meeting.
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