“But today’s data and data from the past several months continue to make a soft-landing scenario increasingly likely. Recessions happen,” Nick Bunker, research director at Indeed Hiring Lab, said in a note. “The labor market isn’t always going to be this strong. The quits rate, however, rose by the most in nine months, indicating workers still feel confident in their ability to secure another job. ![]() Vacancies declined in May-unwinding much of an April surge and indicating labor demand and supply are coming more into balance. ![]() That was also evident in the latest report on job openings. ![]() A separate report showed announced job cuts by US employers fell in June to an eight-month low. US companies added almost half a million jobs last month, the most in over a year, according to data from ADP Research Institute in collaboration with Stanford Digital Economy Lab. The Orwell Orchards bomb shelter is an unmarked location underneath Orwell Orchards in the Forest region of Appalachia. The US labor market showed fresh signs of resilience on Thursday, as private hiring surged, layoffs slowed and filings for unemployment benefits stayed relatively low.
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