Job openings remain at an elevated 8.5 million

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 1 May 2024

⏱️ 1 minutes

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Summary

Job openings and quits changed little month over month; Fed expected to leave interest rates unchanged in anticipated announcement today; CVS Health quarterly profit halved due to Medicare Advantage costs; Amazon profits soar with more cloud computing, ad revenues.

Transcript

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0:00.0	The labor market remains robust so the Federal Reserve's likely to stay the course.
0:07.0	I'm Novasafa with the Marketplace Minute.
0:09.2	The latest monthly count of job openings from the Labor Department shows little change, still plentiful, at 8.5
0:15.1	million. The number of people quitting their jobs also changed little. The strong labor market
0:20.6	is allowing the Federal Reserve to maintain higher interest rates to cool inflation.
0:24.7	Officials from the Central Bank are widely expected to leave rates unchanged today
0:28.8	following their latest round of policy meetings.
0:31.5	Investors are hoping those meetings will produce some guidance on when and
0:35.3	whether to expect cuts this year. Profit at CVS Health declined by half in the first three months of the year.
0:42.1	The health care giant says costs are
0:43.7	rising in its Medicare Advantage business for as yet unidentified reasons.
0:48.0	Amazon's first quarter profits tripled to more than $10 billion. It brought in more revenue from its
0:54.4	cloud computing division and from advertising. It introduced ads this year to its streaming
0:59.5	service prime video. I'm Novasafo with a marketplace minute.

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