In a significant policy shift, the Federal Reserve is poised to lower interest rates to support the struggling US labor market, influenced by President Trump's demands and recent political developments.
In April, US job openings rose to 7.39 million, defying expectations of a decline. This increase may indicate a resilient labor market amidst economic uncertainty, but rising layoffs raise concerns.
In a surprising turn, US employers have reduced their hiring plans, with federal government layoffs reaching the highest levels in over four years. The latest labor data reveals a concerning drop in job openings, signaling potential economic turbulence ahead.
