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US: Data suggests ‘hiring recession’ may be behind us — but the Iran war poses job market risks
Federal labor market data issued Tuesday suggests the frozen U.S. job market may be starting to thaw — but the economic fallout from the Iran war threatens to stall that momentum, according to labor economists. “Is the hiring recession finally over? There are encouraging signs,” Heather Long, chief economist at Navy Federal Credit Union, wrote in an e-mail. “The big concern is the war in Iran could halt that much needed progress in the labor market,” she wrote. The labor market has been in a so-called “low hire, low fire” mode for more than a year, characterized by a low rate of hiring, layoffs and ... (full story)
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*US & IRAN CLOSING IN ON ONE-PAGE MEMO TO END WAR: AXIOS * DEAL WOULD INVOLVE IRAN COMMITTING TO MORATORIUM ON NUCLEAR ENRICHMENT AND U.S. AGREEING TO LIFT SANCTIONS AND RELEASE BILLIONS IN FROZEN IRANIAN FUNDS ALONG WITH LIFTING RESTRICTIONS AROUND TRANSIT THROUGH STRAIT - AXIOS Nothing agreed yet, US sees Iran responses next 48 hours - axios
Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed. President DONALD J. TRUMP
US job openings were little changed in March and hiring rebounded as the labor market showed continued signs of stabilization. Available positions fell slightly to 6.87 million from a revised 6.92 million in February, according to Bureau of Labor Statistics data released Tuesday. The hiring rate jumped to 3.5% after dropping in February to the lowest level ...
