Those looking at the Job Openings and Labor Turnover Survey (JOLT) and seeing it as a roadmap to a July rate cut have taken a wrong turn.
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The number of vacant jobs in the U.S. fell to just over eight million in April, indicating that employer demand for labor has slackened and reviving hopes for interest rate cuts this year.
The post Job Openings Plunge to 8.1 Million, Suggesting Cooling Demand for Labor appeared first on Breitbart.