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ADP Employment Report Shows 179K New Jobs Added in US Private Sector /
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2024-07-02 15:59:17

ADP Employment Report Shows 179K New Jobs Added in US Private Sector on Nostr: US Job Openings Rise to 8.1 Million Despite Higher Interest Rates =============== ...

US Job Openings Rise to 8.1 Million Despite Higher Interest Rates
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#f15ab276 ver:0.28

Despite higher interest rates, US job openings rose to 8.1 million in May, surprising economists. The labor market remains resilient, with stable hires, quits, and layoffs. This indicates a healthy labor market and suggests that job growth will continue, boosting consumer spending power. However, concerns arise as full-time employment falls and part-time employment for economic reasons rises, raising questions about the overall health of the labor market. The Federal Reserve will closely monitor the jobs report for confirmation that inflation is slowing. #USjobs #economy #interestrates...

#newstr #UsJobOpenings #HigherInterestRates #LaborMarket

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