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US job openings fell in April to the lowest level in over three years, consistent with a gradual slowdown in the labor market. Available positions decreased to 8.06 million from a downwardly revised 8.36 million reading in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Tuesday. The figure was ...
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Weak labor market data (JOLTS big miss) and mixed Orders (Manufacturing beat, Durables miss) sent 'hard' data' to its weakest since the start of the year.. chart ...and that 'bad' news was enough to spark another dovish leg higher in rate-cut expectations... chart BUT... and its a big but, stocks didn't love the 'bad news'. Small Caps were particularly ...