US labour market cools down
US labour market data released on Tuesday showed that the number of new jobs dropped while layoffs and discharges rose to their highest point in over two years.
US labour market data released on Tuesday showed that the number of new jobs dropped while layoffs and discharges rose to their highest point in over two years. Altogether, this indicates the job market is somewhat cooling down. Investor risk appetite is also falling due to rising concerns over the banking crisis and the issue of raising the US debt ceiling. The price of oil will likely continue to fall.
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