Job openings stay at 8.9 million — still lots of demand for labor
The numbers: The number of job openings in the U.S. stayed at 8.9 million for the third month in a row, suggesting the demand for labor remains quite robust.
Federal Reserve officials want to see labor market cool off further as they prepare to reduce interest rates later this year. A tight labor market can exacerbate inflation.
A still-high…
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