As noted by senior economist at Raymond James, Evgeny Aleiman, "the pressure on the labor force is easing, but it won't break away." Federal Reserve Chair Jerome Powell stated to reporters last week: "We don't need to rush to change our monetary policy."
In December, the job vacancy rate in the US fell to its lowest in 14 months; however, stable levels of employment and a reduced number of layoffs suggest that the labor market did not cool much unexpectedly, and it is possible that the Federal Reserve will maintain a cautious approach, with a lesser extent until June.
According to the published data in the secondary report from the Department of Labor on job openings and labor turnover or JOLTS, there was 1.1 job openings per one unemployed, which is lower than in November (1.15).
