Posted on 06/03/2025 10:05:29 AM PDT by george76
The Job Openings and Labor Turnover Survey showed available jobs totaled nearly 7.4 million, an increase of 191,000 from March and higher than the 7.1 million consensus.
The ratio of available jobs to unemployed workers was down to 1.03 to 1 for the month, close to the March level.
In other economic news Tuesday, the Commerce Department reported that new orders for manufactured goods fell more than expected in April.
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The Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey showed available jobs totaled nearly 7.4 million, an increase of 191,000 from March and higher than the 7.1 million consensus forecast by economists surveyed by FactSet. On an annual basis, the level was off 228,000, or about 3%.
The ratio of available jobs to unemployed workers was down to 1.03 to 1 for the month, close to the March level.
Hiring also increased for the month, rising by 169,000 to 5.6 million, while layoffs rose by 196,000 to 1.79 million.
Quits, an indicator of worker confidence in their ability to find another job, edged lower, falling by 150,000 to 3.2 million.
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The report comes just a few days ahead of the BLS nonfarm payrolls count for May.
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Commerce Department reported that new orders for manufactured goods fell more than expected in April. Orders fell 3.7% on the month,
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Traders largely expect the Fed to keep its benchmark borrowing rate steady in a range between 4.25%-4.5%, where it has been since December 2024. The market thinks the Fed won’t cut again until September, and Bostic said he only would favor one reduction this year.
(Excerpt) Read more at cnbc.com ...
This is going to cause wide spread butt hurt.
*UNEXPECTED*
It’s something I expected with all the investment that has been committed to, but it’s happening a bit faster than I anticipated. We’ll see how it goes for the next few months.
drink!!
It very much depends on the job seeker.
If you’re a straight white man over 60, they will pass you up and leave the job available for someone else, even if you have skills and energy.
No surprise, Trump has been talking about his economic growth of the economy for months.
Hate to tell you but most companies don’t anyone over 50. Most companies want younger inexperienced folk they can pull around by the nose and pay as little as possible. Age, experience and skills have little to do with getting a job in today’s America.
It also increases the amounts companies have to pay for employee health insurance.
We need to decouple health insurance from employment, it puts American workers at a disadvantage, especially older workers.
And regarding being white, you’re correct, if your over 60 and white, forget it.
Surprising?
100%. They see anyone over 50 as heavy luggage, a possible pending liability. And if you’re white, most of the time you’re wasting your time.
Trumps fault.
Over 60? They will bypass you regardless of race. Reality is older than 60 drain most of health insurance funds. No corporation wants to be loaded with over 60 workers. Because that affects cost of insurance coverage.
Which explains why the country experiences poor service in the service sector and elsewhere and why our products are crap. It's not about quality of product or experience, it's about making money.
That’s what happens when the bean counters take over.
Bean counters need to stay in their lane.
I’m sure if this was Joe’s economy and 500k jobs were created, it would have signaled an “economic boom”.
Yup. My wife is 60yo and looking for a job. White, ago 60? Slim to little
If the job market gets even better they will be forced to let the long haired freaky people apply.
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