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Job openings rise to 9.6M -- signaling strong market as layoffs fall

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Today's Business Headlines: 10/31/23

Biden confuses debt with deficit, blames press for grim economic news and claims a budget ‘surplus’ in White House rantUS inflation climbs more than expected in August as gas prices surge

The September openings are down from a record 12 million in March 2022 but remain high by historical standards. Before 2021 — when the American economy began to surge from the COVID-19 pandemic — monthly job openings had never topped 8 million.Openings were up by 141,000 at hotels and restaurants, which have struggled to attract and keep workers since the COVID-19 pandemic struck in early 2020.

The combination of sturdy hiring, healthy economic growth, and decelerating inflation has raised hopes the Fed can pull off a so-called soft landing — raising rates just enough to contain price increases without tipping the economy into recession. The central bank is expected to announce later Wednesday that it will leave its benchmark rate unchanged for the second straight meeting as it waits to assess the fallout from its earlier rate hikes.

 

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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 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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