Job openings fall as Fed continues to raise interest rates - Jacksonville Business Journal

found employers who are planning reductions to staffing levels now stands at about 30%, down slightly from the third quarter of 2022 as employers continue to battle for talent and focus on retention.

The latest data comes as the Federal Reserve continues to work to tame the hot job market through repeated interest rate hikes.said while the economy has slowed from its 2021 pandemic highs and higher interest rates have weakened the housing market and slowed business investment, the labor market has continued to stay strong.

Jeremy Bone, founder at Paceline Wealth Management who has managed bond portfolios for large organizations, said today’s data is a promising sign that recent fed actions could make some progress toward cooling the labor market and push inflation down to more manageable levels.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Downtown Jacksonville sees slight rise in population, although office vacancy rate is up - Jacksonville Business JournalInterest in downtown living has led to a growing number of projects proposed and under construction downtown.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Downtown Jacksonville sees slight rise in population, although office vacancy rate is up - Jacksonville Business JournalInterest in downtown living has led to a growing number of projects proposed and under construction downtown.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Office-demand indices continue to tumble at close of summer - Jacksonville Business JournalOffice demand continued to decline in August, the latest sign hybrid work and a more pessimistic economic outlook continue to weigh on the U.S. office market recovery.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Mayo Clinic will boost pay by 6%, biggest raise in decades - Jacksonville Business JournalMayo Clinic plans to give raises of 6%— well above the national average annual pay hike — to a cohort of workers that numbers in the tens of thousands.
Source: JaxBizJournal - 🏆 599. / 51 Read more »