Job openings unchanged between November and December
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 30 January 2024
⏱️ 1 minutes
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Summary
Stocks close mixed; quits rate falls over the last year; UPS revenue declines; IMF says global growth will pick up this year.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks were mixed on Wednesday. The Dow |
| 0:06.6 | rose a third of a percent, but the S&P fell less than a tenth of a percent, and the |
| 0:11.4 | NASDAQ gave up 3 quarters percent. |
| 0:14.0 | The number of job openings in December was about the same as in November, according to the |
| 0:18.1 | Labor Department. |
| 0:19.4 | So was the number of people quitting their jobs. |
| 0:21.7 | But that number is 17 percent lower than 12 months ago. |
| 0:25.0 | It's been trending lower for about two years. |
| 0:28.0 | That's something the Federal Reserve will be watching as it meets this week |
| 0:31.0 | to decide whether to hold interest rates steady or cut them. |
| 0:34.6 | UPS says revenue fell last quarter compared at the same time last year. |
| 0:38.9 | This year the company says it's going to lay off about 12,000 people. |
| 0:43.2 | And the International Monetary Fund says global economic growth will pick up this year, |
| 0:47.8 | thanks in part to better than expected resilience in the U.S. |
| 0:51.1 | The IMF says disinflation and steady growth are reducing the chances of a hard landing. |
| 0:56.0 | I'm Justin Ho with the Marketplace Minute. You're going to. |
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