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Bank of America: us stock inflows hit a two-month high
Bank of America said clients were buying financial and property stocks after the s & p 500 rose 0.6 per cent last week and hit an intraday record high. Last week, US stock market inflows were the biggest in nearly two months, mainly passive inflows (ETF purchases), while clients sold individual shares. Inflows, mostly passive, are accelerating, driven by institutional clients, while retail investors and hedge funds are selling, the bank said.
The number of job openings in the United States jumped to a record high of 9.3 million in April.
The number of job openings in the US hit an all-time high in April, highlighting the strong demand for labour from companies as epidemic restrictions are lifted and the economy strengthens. The (JOLTS) survey of job vacancies and labor turnover released by the Labor Department on Tuesday showed that the number of job vacancies rose to 9.3 million in April, the highest level since data were available in 2000, and the March figure was revised upward to 8.3 million. The number of job openings exceeded hiring by 3.2 million in April, the biggest difference on record. In recent months, recruitment challenges have been fraught. Half of the states in the United States have announced that they will withdraw from the federal unemployment insurance plan early to encourage people.
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