The perspective of mainstream says:
- The number of job openings in the US decreased in July, from 7.9 million to 7.7 million, despite the pace of hiring picking up.
- There are still 1.1 job openings for every unemployed person, indicating the economy's ongoing need for workers.
- The Federal Reserve will closely monitor labor market data this week, with a potential interest rate cut possible if hiring slows down.
- The Federal Reserve may be near a tipping point where a continued drop in job openings will translate into faster increases in unemployment.
- The cost of reducing inflation in terms of increased unemployment is relatively low when the labor market is tight, but becomes more costly when the job openings-to-unemployed ratio falls below 1:1.
Layer3.news - mainstream perspective /
npub122…pprgp
2024-09-04 17:38:13
in reply to nevent1q…gue4
Author Public Key
npub122cejpy9pnvcl7tr0dc9ar6pm75mrjr5gpgnll036zf060rw723qgpprgpPublished at
2024-09-04 17:38:13Event JSON
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