US job openings rose in January, indicating steady demand for workers as the Trump administration takes office. Available job openings rose to 7.74 million from a revised 7.51 million in December, according to monthly data from the Bureau of Labor Statistics released Tuesday. The median estimate in a Bloomberg survey of economists was for 7.6 million openings. (Newsmaker23) Source: Bloomberg
President Donald Trump on Tuesday doubled his planned tariffs on all steel and aluminum products entering the United States from Canada, bringing the total to 50%, in response to the province of Ontario imposing, opens new tab 25% tariffs on electricity entering the U.S. Trump said in a post on Truth Social that he had instructed his commerce secretary to add an additional 25% tariff on the products that would take effect Wednesday morning. "Also, Canada must immediately reduce the Anti-American Farmer Tariffs of 250% to 390% on various U.S. dairy products, which have long been considered...
U.S. job openings increased in January, but demand for labor is likely to soften in the months ahead amid concerns that uncertainty over import tariffs and aggressive government spending cuts could cause a sharp slowdown in economic activity. For now, the labor market is holding steady, with the Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday showing layoffs declining for a fourth straight month to the lowest level since last June. There were 1.13 job openings for every unemployed person, up from 1.09 in December. Hiring, however, remained...