US job openings in October lowest since 2021, well below forecasts
WASHINGTON (Reuters) -U.S. job openings dropped to more than a 2-1/2-year low in October, the strongest sign yet that demand for labor was cooling amid higher interest rates.The Labor Department's Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday also showed...
Jobs data shows labor market coming into ‘better balance’ in...
The US job market is finally normalizing after COVID threw it out of whack nearly four years ago.The latest Job Openings and Labor Turnover Survey, or JOLTS report, released Tuesday revealed the ratio of job openings to the number of unemployed workers fell to 1.34, its lowest...
Stock market news today: Tech gains, Dow lags on heels of slowing labor market...
Bank execs 'cautious' heading into 2024Bank executives had a cautious tone while speaking at the Goldman Sachs US Financial Services Conference in Manhattan on Tuesday.As Yahoo Finance's David Hollerith reports:Executives from some of the country's biggest banks noted the...
Market bets on 2024 Fed rate cuts ‘overdone,’ BlackRock strategist...
Markets are pricing in at least 100 basis points of interest rate cuts next year, starting in the second quarter. One strategist thinks those bets are "overdone.""That is really aggressive," BlackRock Investment Institute global chief investment strategist Wei Li said at a media...
Top Wall Street CEOs will testify before Congress Wednesday. Here’s what...
The CEOs of America's largest banks will line up before lawmakers this week in a highly anticipated appearance to try and convince Washington — and the world — that the banking sector is back on steady ground following the regional banking crisis earlier this year.The hearing...