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 ...
Croatia's Prime Minister Andrej Plenkovic stated that Russian President Vladimir Putin has become an unwitting catalyst for European Union expansion, following his 2022 invasion of Ukraine. According to Plenkovic, the invasion has pushed more countries toward joining the EU, prompting a "strategic shift" in European capitals, making them more open to enlargement.
“The past two and a half years have shown that Putin is the biggest promoter of enlargement,” Plenkovic said in an interview with Bloomberg TV. The EU has since opened membership negotiations with both Ukraine and Moldova, and is moving forward with talks for Bosnia-Herzegovina to counter growing Russian influence.
Plenkovic, a staunch supporter of Ukraine, plans to host a summit in Dubrovnik in early October with Ukrainian President Volodymyr Zelenskiy and leaders from Southeast Europe, aiming to show solidarity with Ukraine in its fight for freedom and territorial integrity.
Plenkovic also commented on tensions between Kosovo and Serbia, emphasizing that their path to the EU depends on continuing EU-facilitated dialogue, with crucial involvement from the US.
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