Job openings in the U.S. rose slightly in September to 9.6 million, defying predictions that demand for labor would cool after a blistering September hiring spree.
This represents an increase from the revised 9.5 million job openings at the end of August. The prior month was originally estimated at 9.6 million.The higher-than-expected and rising figure for job openings suggests the Federal Reserve’s attempt to cool off demand for labor is not having as much of an impact as central bankers had expected. Fed officials want to see openings fall to soften the labor market.
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U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job marketEmployers 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 in the face of higher interest rates. Layoffs fell, and the number of Americans quitting their jobs — a sign of confidence they can find better pay elsewhere — was virtually unchanged.
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U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job marketEmployers 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 in the face of higher interest rates.
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U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job marketLayoffs fell, and the number of Americans quitting their jobs — a sign of confidence they can find better pay elsewhere — was virtually unchanged.
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