Job openings reach 2-year high at 7.6 million
Digest more
Job openings remain healthy and private sector hiring showed broad momentum in May, but uncertainty from the Iran war, tariffs, and the Fed's next move continues to cloud the outlook.
The US labour market showed renewed signs of strength in April, with job openings unexpectedly surging to their highest level in nearly two years, even as businesses grappled with higher energy costs and broader economic uncertainty.
The U.S. jobs market has long been characterized as "low hire, low fire," with weak labor demand offset by shrinking labor supply after the Trump administration's immigration crackdown. But this delicate balance may be shifting in a positive direction.
Slow hiring, a shrinking labor force and other factors are contributing to negativity among the nation's workers.
Layoff filings with state labor departments indicate a sluggish job market in April. The BLS will release employment numbers on May 8.
Hiring activity increased in March, according to federal data issued Tuesday. However, the Iran war threatens to stall that progress in the job market.
Hiring has slowed even as the economy keeps growing, and millions of workers are navigating a labor market that no longer follows the rules.
Positive April job growth and a steady unemployment rate could shift the Fed's focus back to fighting inflation, even as labor market risks persist.
The latest jobs report showed that the US economy likely added 178,000 jobs in March, nearly triple expectations. The unemployment rate dipped to 4.3%. Forecasts had it holding steady at 4.4% or even rising to 4.5%. Health care and social assistance was ...
Investors are closely watching the U.S. jobs report and Broadcom's earnings this week amid concerns that persistent inflation and potential interest rate hikes could derail the strong equity rally. While AI enthusiasm fueled recent gains,