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JOLTS give mixed signals on U.S. labor demand

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Job openings increase more than expected, but hires and quits decline. Mixed signals to keep the Fed cautious in early 2025. ISM Services PMI shows solid services growth at yearend. Cost pressures jump. U.S. trade deficit widens in November and will likely be a drag on Q4 GDP growth. Eurozone inflation accelerates, but likely won't alter ECB easing path.

Ned Davis Research | Economics | Daily Economic Perspectives | Daily

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