Job Market Stayed In Low Hiring, Low Firing Limbo In December | Global News Avenue

In December, the employment market remained unchanged with its current familiar holding model, and there was almost no recruitment, fired or exited.

The Labor Statistics Bureau said on Tuesday that US employers had 7.6 million positions vacant in December and 8.2 million in November. According to a survey of economists, less than 8 million forecasters Dow Jones News and “Wall Street Journal”Essence

The employment market is stable and stagnant

Exit, the level of recruitment and layoffs is relatively low. Each unemployed worker has 1.1 public work and has maintained an unchanged rate since June.

The opening and labor flow survey report has added details to the employment market report since December, which shows that the report shows Employer adds overall workEssence It depicts a picture of the employment market, even if it stagnates, it will become stable. Since 2022, with the recovery of the economy from great popularity, the demand for workers is high, and the market has been greatly reduced. The slowdown of this job makes it difficult for job seekers to find a job, but it does not lead to a serious growth of batch layoffs or unemployment.

There are 1.8 million layoffs, the same as November, close to a historic low. The 5.4 million in the first month, below the typical pre -pre -level level, recruits up to 5.5 million. At the same time, 3.2 million people resigned, higher than 3.1 million in November, and relatively low according to historical standards. The low smoking quit rate shows that workers are not optimistic about looking for higher salary elsewhere.

What does shock data mean for the Fed?

The employment market maintains a stable impact on the Federal Reserve. The task of the Federal Reserve is to use monetary policy to maintain high employment and low inflation rate.

In recent months, the employment market has remained stable, and inflation has been solidly more than the target of the Fed’s annual rate of 2 %. This prompts the Fed to keep its interest rate at a higher level The last meeting of JanuaryKeep up to various loans upward, hoping to prevent loans from lending and pushing the inflation rate.

Stable employment means that there is almost no reason to reduce the interest rates of future meetings to promote the economy.

The American economist of Oxford Economics, Nancy Vanden Houten, wrote in the comments: “The December’s vibration report is consistent with the Federal Reserve’s point of view, that is, the labor market is healthy enough to tolerate more cautiously Reduction of interest rates. “