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February 4, 2025
The Labor Department released a report showing that job openings in the U.S. fell by much more than expected in December. The report said job openings tumbled to 7.6 million in December after climbing to an upwardly revised 8.2 million in November. Economists had expected job openings to dip to 8.0 million from the 8.1 million reported the previous month. Job openings decreased in the professional and business services, health care, social assistance, finance, and insurance sectors. Job openings increased in the arts, entertainment, and recreation sectors. Meanwhile, the Labor Department said hires inched up to 5.5 million in December from 5.4 million in November, while separations crept up to 5.3 million in December from 5.2 million in November. Within separations, resignations increased to 3.2 million in December from 3.1 million in November. Layoffs remained unchanged at 1.8 million. 02/04/2025 - 10:28:00 (RTTNews)
The Atlanta Fed raised the estimate for the first quarter of U.S. economic growth after the release of recent economic data. The GDPNow model estimate for real GDP growth in the first quarter was raised to 3.9% from 2.9% on January 31. 02/03/2025 - 15:13:00 (RTTNews)
Japanese Yen traded at 154.50 against USD at 9:00 AM PST.
The monetary base in Japan was down 2.5% on year in January, according to the Bank of Japan, coming in at 651.107 trillion yen. That was shy of expectations for a decline of 0.5% following the downwardly revised 1.0% contraction in December (originally -0.9%). Banknotes in circulation were down an annual 0.6% for the second month. Coins in circulation dropped 1.4% for the fifth month. Current account balances were down 3.0% on the year, including a 0.6% increase in reserve balances. The adjusted monetary base tumbled 23.9%. 02/03/2025 - 19:19:00 (RTTNews)
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