Economic New May 21, 2024.  One of the Federal Reserve’s Governors (Christopher Waller) today stated the Fed does not anticipate a lowering of interest rates in the next few months.

https://www.cnbc.com/2024/05/21/fed-governor-waller-wants-several-months-of-good-inflation-data-before-lowering-rates.html 

There has been news that inflation has slowed down a bit, but it is not at the point where the Fed feels it is prudent to lower the rate.

Looking at the Labor Market which is very important in analyzing economic trends, we see according the to Bureau of labor Statistics (Official website of the US Government /US Dept of LABOR. ), posted this 5/21/2024 “Job openings rates decreased in 9 states and increased in 1 state on the last day of business March 2024.  The number of job openings decreased in 12 states and increased in 1 state and there was little change in 37 states and District of Columbia in March.”

Texas had job openings at a rate of 5.4% or 807,000.  California had job openings of 734,000 and a job rate openings of 3.9%. Colorado had job openings rate of 6.5% and level of 204,000.  Among the highest job openings rate in March 2024 were Alaska (7.2%), South Caroline (6.7%) and Maryland with 6.6 %.  The lower job opening rates were California with 3.9%.

This gives us a spotlight to see where the workplace is growing and where it is stagnant.  The overall national Job openings rate were 5.1%.