Employers posted 9.6 million job openings in September, indicating a strong job market despite the Federal Reserve's attempts to cool the economy. Layoffs decreased and the number of Americans quitting their jobs remained unchanged, reflecting confidence in finding better pay elsewhere. Although the September openings are lower than the record high in March 2022, they are still historically high. Unemployment was at 3.8% in September, slightly above a half-century low.
WASHINGTON — Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong even as the U.S. Federal Reserve attempts to cool the economy.
The Federal Reserve's inflation fighters would like to see the job market cool. They worry that strong hiring pressures employers into raising wages — and trying to pass the higher costs along with price increases that feed inflation. On Friday, the Labor Department releases its jobs report for October. Forecasters surveyed by the data firm FactSet expect that U.S. employers added a solid 189,000 jobs last month and that the unemployment rate stayed at 3.8%.Harvard Law Professor Torches Donald Trump's Latest Legal Claim With 1 WordDiscover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.
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