Robert Hughes

Job Openings Rise in March

Private job openings in the United States totaled 6.800 million in March. The labor market is showing renewed strength, supporting personal incomes, consumer confidence, and future consumer spending.

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Strong April Jobs Report Reduces Recession Fears

Nonfarm payrolls rose by 263,000 in April. Two strong monthly gains following a disappointing increase in February shows the labor market remains healthy and will likely ease fears of recession.

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Manufacturing Expansion Slowed in April

The Manufacturing Purchasing Managers Index posted its lowest reading since November 2016 and extends an eight-month trend of decelerating growth. Mixed economic data continue to support a high degree of caution amid slow economic expansion.

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