The US labour market showed signs of a steady slowdown in October, with job openings increasing moderately and layoffs declining, according to the latest Job Openings and Labor Turnover Survey (JOLTS) report released by the Bureau of Labor Statistics on Tuesday. Job openings, a key indicator of labour demand, rose by 372,000 to 7.744 million at the end of October. However, the September figures were revised downward to 7.372 million from the initially reported 7.443 million. Economists polled by Reuters had anticipated 7.475 million vacancies. Labour Market Dynamics While job openings increased, hires dropped by 269,000 to 5.313 million, and layoffs fell by 169,000 to 1.633 million. These figures suggest a gradual cooling of the labour market rather than a sharp contraction. Hurricanes and strikes also impacted October’s labour market data. Rebuilding efforts in storm-affected regions and the resolution of strikes at Boeing and another aerospace company are expected to contribute to a ...
FBM KLCI open higher today by 2.57 points or 0.16% to 1,648.79 as at 9.17am.
The market saw a relatively low volume of about 81.3 million shares changed hands at the time of writing, most likely due to a shorter trading days in the country with the Raya Holiday.
Air Asia X was the most actively traded counter and it has risen by 2.63% to 39 sen with 9.1 million shares being traded.
Dutch Lady was the top gainer so far with the milk counter risen by 50 sen to RM58.98 with a volume of 100.
Heineken was at the other end of the table, leading the decliner for the day so far with a loss of 22 sen or 1.42% to RM15.24.
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