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Job Openings Fall as US Hiring Begins To Cool

2023-12-05 140 Dailymotion

Job Openings Fall , as US Hiring Begins To Cool.<br />In October, employers in the United States <br />posted 8.7 million job openings, <br />the lowest number since March of 2021. .<br />In October, employers in the United States <br />posted 8.7 million job openings, <br />the lowest number since March of 2021. .<br />ABC reports that the lower numbers come as a <br />sign that hiring has cooled amid higher interest <br />rates, while remaining at a still-healthy pace.<br />On December 5, the Labor Department<br />released a report that openings were down <br />significantly from September's 9.4 million.<br />October also saw the number of layoffs <br />rise modestly, while the number of U.S. <br />workers quitting their jobs dropped slightly.<br />ABC reports that the lower number of job <br />openings in October had a large impact on <br />healthcare and social assistance, falling by 236,000. .<br />Higher interest rates have had a particularly hard<br />impact on finance, which includes banking, insurance <br />and real estate, where openings fell to 217,000. .<br />Meanwhile, openings in hotels, <br />restaurants and bars fell to 124,000.<br />Despite the steep decline in October, the <br />number of job openings remains historically <br />high, exceeding 8 million for 32 straight months.<br />ABC reports that U.S. employers have added 239,000 <br />jobs a month in 2023, while the unemployment rate <br />has come in under 4% for 21 consecutive months.<br />While unemployment remains low, 1.93 million people in <br />the U.S. were collecting unemployment benefits in the <br />week ending November 18, the highest number in two years

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