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Fed's Powell warns fewer job openings may herald higher unemployment

Fed's Powell warns fewer job openings may herald higher unemployment

Tong Hua Holding Public Co., Ltd.October 14, 20254
Fed's Powell warns fewer job openings may herald higher unemployment

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Federal Reserve Chair Jerome Powell warned on Tuesday that a decline in companies looking for workers could create deeper issues for the jobs market.“You're at a place where … further declines in job openings might very well start to show up in unemployment” in terms of rising joblessness, Powell said at a gathering held by National Association for Business Economics in Philadelphia.

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