December Job Openings Expand as Hiring Struggles Persist
The Labor Department reports 10.9 million posted jobs in December, up 1.4 percent from November, near but below the July record of 11.1 million. Hiring fell while 1.6 positions per seeker remained available. about 4.3 million quit, down from the November peak, reflecting ongoing turnover and shifting worker expectations.
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Inflation in euro area hits record high for third month
Eurostat reports January euro area consumer prices up 5.1 percent year on year, the third straight monthly record. Energy costs drive gains with natural gas soaring 28.6 percent amid depleted winter reserves and disrupted supplies from Russia. Growth slowed to 0.3 percent in late 2021 as Omicron restrictions weighed on demand.
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Tesla recalls 54000 vehicles over rolling stop feature
U S safety regulators say Tesla will disable the rolling stop function in an over the air update after regulators found the Full Self Driving software lets cars proceed through all way stop signs at up to 5.6 mph. The recall is backed by NHTSA after meetings with officials and is said to involve no known crashes or injuries. The Governors Highway Safety Association notes rolling stops are illegal in most states.
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