US JOLTs Job Quits (Mar) 3.171M (Prev. 2.974M)
The JOLTs Job Quits data shows an increase to 3.171 million in March, up from 2.974 million, indicating a rise in worker confidence as more individuals are voluntarily leaving their jobs.
Suzano and Kimberly-Clark (KMB) are set to secure unconditional EU antitrust approval for a USD 3.4bln JV, according to sources
US RCM/TIPP Economic Optimism Index (May) 42.6 vs. Exp. 42 (Prev. 42.8)
US JOLTs Job Quits (Mar) 3.171M (Prev. 2.974M)
US EQUITY OPEN: Indices extend higher as Tech names gain with US data due imminently
Fire breaks out in shopping centre west of Tehran, IRNA reports
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- Quits Rate 2.0% (prev. 1.9%)
- Vacancy Rate 4.1% (prev. 4.2%)
This uptick in the quits rate suggests a tightening labor market, which may lend support to the Federal Reserve's potential actions on interest rates, especially if it signals underlying wage pressure or labor demand trends. However, the slight dip in the vacancy rate to 4.1% could temper some of the bullish sentiment, indicating potential cooling in job openings.
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