By Lucia Mutikani WASHINGTON (Reuters) - U.S. job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased COVID-19 vaccinations and additional pandemic aid from the government boost companies needs for more workers. The Labor Department s monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday was the latest indication that the labor market had turned the corner after shedding jobs in December as the nation buckled under a fresh wave of COVID-19 infections and depleted government relief. Labor demand should continue to heat up as companies brace for a post-pandemic burst in pent-up demand, said Lydia Boussour, lead U.S. economist at Oxford Economics in New York.
AUD/NZD Aims Higher as Australian Dollar Eyes RBA Financial Stability Review 2021-04-06 23:00:00 Thomas Westwater, Analyst
Australian Dollar, S&P 500, Treasury Yields, RBA, AUD/NZD -Talking Points
US stocks end slightly lower before President Biden updates US Covid situation
IMF World Economic Outlook updated 2021 GDP projection hits record high
AUD/NZD looks to hold its broader trend higher with eyes on the RBA FSR
US stocks pulled back on Tuesday after the S&P 500 and Dow Jones Industrial Average (DJIA) hit a record high to start the week. Still, the declines were moderate across the board, with the Dow closing 0.29% lower. Small-cap stocks followed closely, reflected by the Russell 2000’s 0.25% loss, while technology stocks also moved lower, with the Nasdaq 100 index inching 0.14% lower. Volatility increased for the second consecutive day via the VIX volatility index, which gained just over 1%.
Calculated Risk calculatedriskblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calculatedriskblog.com Daily Mail and Mail on Sunday newspapers.
European Markets Rally, US Is Mixed
04/06/21 AT 12:24 PM
European equities rallied Tuesday as the IMF raised its economic outlooks and US jobs data underscored brighter prospects for the world s biggest economy.
Stock market indices in Frankfurt, London and Paris rose as dealers returned from a four-day Easter weekend, while in New York, the Dow Jones index struggled to reach the breakeven point. A tremendous amount of optimism has been priced in as the US economy is poised to run very hot throughout the summer, commented senior market analyst Edward Moya at Oanda.
The latest upbeat figure was the Job Openings and Labor Turnover Survey (JOLTS) which indicated that US job openings had surged to a two-year high in February, well above the level expected by most analysts.
Article content
WASHINGTON U.S. job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased COVID-19 vaccinations and additional pandemic aid from the government boost companies’ needs for more workers.
The Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday was the latest indication that the labor market had turned the corner after shedding jobs in December as the nation buckled under a fresh wave of COVID-19 infections and depleted government relief.
We apologize, but this video has failed to load.
Try refreshing your browser, or