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No Turnaround in the US Labor Market

Summary by Portfolio.hu
The US labor market remained essentially unchanged in April, with job openings, hiring, and layoffs all holding steady. Despite sector-specific variations, the market remains balanced but not showing signs of recovery.
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US stock markets were mixed on Wednesday. At the close of trading in New York, the Dow closed at 42,428 points, down 0.2 percent from the previous trading day. A few minutes earlier, the broader S&P 500 was up 0.1 percent at around 5,970 points, while the Nasdaq technology exchange was calculating the Nasdaq 100 at around 21,722 points, up 0.3 percent at the same time. US President Donald Trump's tariff policy continues to have a significant imp…

Investors on Wednesday assessed progress in tariff talks between the United States and Europe. Across the Atlantic, stocks opened on a positive note, but enthusiasm was dampened by weak labor market data.

The US labor market remained essentially unchanged in April, with job openings, hiring, and layoffs all holding steady. Despite sector-specific variations, the market remains balanced but not showing signs of recovery.

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Portfolio.hu broke the news in on Tuesday, June 3, 2025.
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