The data is unlikely to affect the #FederalReserve’s decision next week on #InterestRates, when most economists expect policymakers to leave rates unchanged at their currently high level. #Fed ofcls have noted they are most focused on progress in suppressing inflation#.
In other data released this week, the ratio of #JobOpenings to #unemployed workers in April declined to prepandemic levels after peaking at more than two to one in early 2022. #Employers aren’t #hiring very quickly, but they’re not laying many people off, & #workers are less likely to quit their #jobs than they were in 2019.
The drop in #LaborForce participation came largely from those between the ages of 20–24, declining from 72.4% in April to 70.8% in May.
"Childbirth is deadlier in the United States than in any other high-income nation...More than 80% of pregnancy-related deaths in the United States are preventable, but factors including a shortage of maternity care providers, limited access to after-birth home visits and lack of guaranteed paid parental leave have increased the risk of maternal mortality, especially for Black people..."
BREAKING NEWS - NYTImes - Wednesday, June 5, 2024 11:53 PM ET
Federal regulators made a deal allowing them to proceed with antitrust investigations into Microsoft, OpenAI and Nvidia in the artificial intelligence industry.
The agreement signals intensifying scrutiny by the Justice Department and the Federal Trade Comission into A.I., a rapidly advancing technology that has the potential to upend jobs, information and people’s lives. #AI#OpenAI#Microsoft#Nvidia#ArtificialIntelligence#labor#jobs#Antitrust#law