What is the expected unemployment rate for the upcoming jobs report?
US Job Openings at Lowest Level Since 2021
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Business, Life Skills
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University
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The video discusses recent economic data, focusing on job openings and manufacturing activity. Mike McKee, a Bloomberg correspondent, analyzes the JOLTS data, highlighting a tight labor market with a slight decrease in job openings and quit rates. The manufacturing sector shows signs of contraction, with employment numbers falling. The upcoming jobs report is expected to show a steady unemployment rate, with the Fed monitoring job creation and earnings closely to manage inflation.
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What does the Fed want to see regarding average hourly earnings?
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