European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
Job vacancies jumped to a fresh high of 7.6 million in January as employers continue to seek qualified applicants to fill positions, the Bureau of Labor Statistics reported Friday.
The Job Openings and Labor Turnover Survey, which measures the level of employment vacancies as well as how many workers left their jobs and the reasons for the separations, has been indicating a continued swell of employment opportunities.
The January survey was expected to show 7.31 million openings against December's 7.34 million. The month was an explosive month for job gains, with nonfarm payrolls rising by 311,000.
The JOLTS report is watched closely inside the halls of government.
Gary Cohn, the former director of the National Economic Council, called JOLTS, "the one report that everyone in Washington, the geek world, sort of hangs on." He made the remarks in an interview with Freakonomics radio.
Federal Reserve officials also are believed to use the report as a gauge for labor market tightness, a key consideration in formulating monetary policy and determining interest rates.
The survey again showed considerably more openings against available labor, a sign of a tightening market. An earlier BLS report indicated 6.5 million Americans qualified as unemployed in January, the most recent month for which data were available. It was the 11 month in a row that job openings exceeding available workers.
Openings surged in government jobs, with 59,000 more available. Wholesale trade also showed a gain of 91,000, real estate and rental and leasing increased by 60,000 and information rose by 42,000. Areas seeing fewer openings were "other services" at a decline of 98,000, retail declined by 97,000 and arts entertainment and recreation was off 40,000.
The "quits rate," or measure of workers who left their jobs voluntarily, was unchanged at 2.3 percent of the labor force, though the actual number rose to nearly 3.5 million from about 3.4 million in December. The rate is considered a key measure of worker confidence.
The jobs opening rate ticked higher, to 4.8 percent from 4.7 percent.
In addition to the gain in openings, BLS revision to prior data showed that there were even more vacancies than previously thought in 2018. The year closed with 7.48 million openings, and revisions added 4.3 million over the course of all 12 months, with the final reading in December revised upward by 144,000.