Job Market Weakens as Job Openings Plummet to Lowest Level in Over a Year
TL;DR Summary
The hot labor market that supported a strong economy this year is showing signs of cooling, with the number of available jobs at its lowest since March 2021, the unemployment rate increasing, longer job search durations for Americans, and a slowdown in wage growth, indicating a potential easing of economic growth in 2024.
- Signs of a Weakening Job Market, in Five Charts The Wall Street Journal
- Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021 CNBC
- US dollar dips after surprise fall in US job openings ForexLive
- Dow Jones slightly lower after U.S. job openings fall to 28-month low MarketWatch
- Dollar up after weaker-than-expected jobs data, fueling rate bets CNBC
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