BUSINESSFINANCIAL TIMES WORLD
Jolts data shows US labour market is in stagnation not freefall
Jolts data indicates the US labor market is experiencing stagnation rather than a freefall. The lay-offs rate has remained stable, and there are few signs of downturn in cyclical industries, weakening the case for rate cuts.
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Adjacent reporting
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- After a year of whiplash, U.S. jobs market is stabilizing
- Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’
- US Initial Jobless Claims Up Slightly, Continuing Claims Near Two-Year Low
- ISM Services Prices Paid Unchanged as US Job Openings Fall Slightly
- US Jobs Data ‘Steady as It Goes,’ Says BlackRock’s Rosenberg