labor sector performance

Job postings unexpectedly jump to 11 million in December

Minneapolis CNN — Despite the looming threat of recession and the cacophony of mass layoff announcements, American businesses still need workers – 11.01 million of them. The number of job vacancies rose unexpectedly in December, rising from a revised 10.44 million openings in November and beating economists’ expectations of 10.25 million, according to Bureau of …

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U.S. job vacancies fell again in November, a sign the labor market may ease

Minneapolis CNN — The number of available jobs in the United States stood at 10.46 million in November, according to data released Wednesday by the Department of Labor. That’s more than the 10 million total job openings economists expected, according to Refinitiv, and slightly lower than October’s upwardly revised total of 10.51 million. The high …

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The U.S. economy grew much faster than expected in the third quarter

New York CNN — The US economy grew much faster than expected in the third quarter, a sign that the Federal Reserve’s battle to cool the economy and fight inflation is having only limited impact. The Commerce Department’s final reading on Thursday morning showed gross domestic product, the broadest measure of the U.S. economy, grew …

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Latest weekly jobless claims climb to 240,000

Minneapolis CNN Business — First-time weekly jobless claims jumped to 240,000 for the week ended Nov. 19, according to data released Wednesday by the Department of Labor. That’s a sharp increase of 17,000 from the previous week’s upwardly revised tally of 222,000, and tops economists’ expectations of 225,000. It’s the highest weekly total since Aug. …

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