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U.S. job openings rise slightly in May despite impact of higher interest rates

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Layoffs rose slightly, and the number of Americans quitting their jobs – a sign of confidence in their prospects – was basically unchanged

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labour market.

. Fed policy-makers welcome lower job openings – a relatively painless way to cool a hot job market and reduce pressure on companies to raise wages, which can feed inflation.

 

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