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What is a tariff and how does it work?
Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three largest trading partners — Mexico, China and Canada — on Tuesday. These tariffs risk making a wide range of goods Americans buy much more expensive — and could also hurt domestic businesses if the three countries respond with retaliatory tariffs on American goods. But for all this talk about tariffs, you may be wondering: What exactly is a tariff and how does it work? Hours before 25% tariffs were set to go into effect on ... (full story)
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- From bls.gov|Feb 4, 2025|18 comments
The number of job openings decreased to 7.6 million on the last business day of December, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and total separations were little changed at 5.5 million and 5.3 million, respectively. Within separations, quits (3.2 million) and layoffs and discharges (1.8 million) changed little. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. Job Openings The number of job openings decreased to 7.6 million (-556,000) on the last business day of December and was down by 1.3 million over the year. The job openings rate, at 4.5 percent, decreased over the month. The number of job openings decreased in professional and business services (-225,000), health care and social assistance (-180,000), and finance and insurance (-136,000). Job openings increased in arts, entertainment, and recreation (+65,000). (See table 1.) Hires In December, the number of hires changed little at 5.5 million but was down by 325,000 over the year. The hires rate remained unchanged at 3.4 percent over the month. Hires increased in finance and insurance (+48,000). (See table 2.) Separations Total separations include quits, layoffs and discharges, and other separations. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations include separations due to retirement, death, disability, and transfers to other locations of the same firm. The number of total separations in December was little changed at 5.3 million. The total separations rate remained unchanged at 3.3 percent over the month. (See table 3.) In December, the number of quits was little changed at 3.2 million but declined by 242,000 over the year. Over the month, the quits rate was unchanged at 2.0 percent. Quits decreased in transportation, warehousing, and utilities (-42,000 post: US JOLTS Job Openings Dec: 7.600M (est 8.000M; prev R 8.156M) - Job Openings Rate: 4.5% (est 4.8%; prev R 4.9%) - Quits Level: 3.197M (est 3.112M; prev R 3.130M) - Quits Rate: 2.0% (prev R 2.0%) - Layoffs Level: 1.771M (est 1.743M; prev R 1.800M) - Layoffs Rate: 1.1% (prev 1.1%)US job openings at 7.6 million in December Job openings in the United States stood at 7.6 million in December, declining from 8.1 million registered a month before, the US Bureau of Labor Statistics said in a report on Tuesday. The job opening rate dropped to 4.5%. The Job Openings and Labor Turnover Survey (JOLTS) showed that the number of hires was little changed at 5.5 million, while the hires rate remained unchanged at 3.4%. The number of total separations was little changed at 5.3 million and the total separations rate was unchanged at 3.3% in December compared to November. The quits rate remained unchanged at 2%, with the number of quits standing at 3.2 million.
- From bnnbloomberg.ca|Feb 4, 2025
Bitcoin and other digital assets faced renewed selling pressure as trade tensions between the world’s two largest economies intensified, with the US and China imposing fresh ...
- From tickmill.com|Feb 4, 2025
Bitcoin prices are back under pressure today, following a strong recovery rally yesterday off the 91,45 level lows. Bitcoin prices gapped heavily lower at the start of the week as ...
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- From finance.yahoo.com|Feb 4, 2025
Senator Bill Hagerty will introduce legislation Tuesday to create a framework for stablecoins, the latest push among Republicans to create crypto-friendly guidelines for an ...
- From bnnbloomberg.ca|Feb 4, 2025
MicroStrategy Inc.’s seemingly limitless moves to raise capital for its Bitcoin purchases have run into their first obstacle. The self-styled Bitcoin treasury company sold ...
- From cnbc.com|Feb 4, 2025|3 comments
Job openings slid in December while hiring, voluntary quits and layoffs held steady, the Labor Department reported Tuesday. Available positions tumbled to 7.6 million, the lowest ...
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- Posted: Feb 4, 2025 10:15am
- Submitted by:Category: Educational NewsComments: 0 / Views: 2,724