“Job creation was recorded especially in leisure and hospitality, health services, construction and social services,” said the statement from the Department of Labor, from where they also confirmed that applications for unemployment benefits posted a drop last weekbecause the 204,000 people who applied for new unemployment benefitswere 19,000 less than the previous week, and they approached the historical lows of 187,000 applications.
Even the offer of jobs continues to far exceed demand, with almost 10.46 million vacancies, or 1.7 positions for each available workeraccording to the last index JOLTS.
It is not clear, however, if this good labor performance will be sustained in the face of contractive hunting policies that continue to be applied in the northern country. For example, the Fed plans to meet between January 31 and February 1 to adjust the reference rate againwhich is in a range of 4.25% to 4.5%, after seven raises last year.
Source: Ambito
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