US Job Market , Stayed Strong In September , Despite Fed's Rate Hikes.<br />In September, employers posted 9.6 million <br />job openings, an indicator that America's <br />job market remains strong. .<br />ABC reports that layoffs fell <br />from 1.7 million in August to <br />1.5 million in September. .<br />At the same time, unemployment <br />for the month had dropped to <br />3.8%, nearly a half-century low. .<br />Consumer prices remained 3.7% higher <br />than the same time in 2022, but were down <br />from a 9.1% peak reached in June of 2022. .<br />ABC reports that while job openings for September <br />were down from a record 12 million reached in <br />June, they remain high by historical standards. .<br />The strong performance of the job market comes <br />despite the Federal Reserve's efforts to fight <br />inflation, which aim to cool the job market. .<br />Since March of 2022, the Fed <br />has increased its benchmark <br />interest rate eleven times. .<br />ABC reports that the U.S. central bank is expected to <br />announce another pause in rate hikes for its second straight <br />meeting while it monitors the impact of previous increases.<br />ABC reports that the U.S. central bank is expected to <br />announce another pause in rate hikes for its second straight <br />meeting while it monitors the impact of previous increases.<br />The Fed is looking to accomplish a <br />"soft landing," raising rates enough to reign <br />in prices without triggering a recession. .<br />Analysts predict that U.S. employers added <br />another 189,000 jobs in October, which will be revealed in <br />the Labor Department's upcoming jobs report for the month.<br />Analysts predict that U.S. employers added <br />another 189,000 jobs in October, which will be revealed in <br />the Labor Department's upcoming jobs report for the month
