U.S. Economic News

December 10, 2018

U.S. News

The Job Openings and Labor Turnover Survey (“JOLTS”), a closely-watched measure of labor market health, indicated there were 7.1 million job openings at the end of October, a slight increase from September.  Hires edged up to 5.9 million while the quits rate eased slightly to 2.3%.  BLS Report

The Wall Street Journal reports that oil prices experienced their worst month in a decade in November, falling over 30% from multiyear highs. While some analysts believe the price slip indicates a slowing economy, lower retail gasoline prices can be a boon to American consumers. WSJ

Laurence Norman of the Wall Street Journal reports that the U.K. government can unilaterally reverse its decision to leave the European Union without approval of its EU peers, according to a European Court of Justice ruling.  The Court’s decision makes it more likely that Theresa May’s Brexit deal she negotiated with the EU will lose the parliamentary vote on Tuesday, potentially throwing the process into further disarray. WSJ

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