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Job Openings Post Biggest Drop In Two Years In ‘Ominous Sign’ For Labor Market

Por: Forbes Business October 04, 2022

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Updated Oct 4, 2022, 01:46pm EDTTopline Job openings in August unexpectedly plunged to the lowest level in more than a year, marking what could be a long-awaited sign that the red-hot labor market is finally starting to cool as a result of the Federal Reserve’s interest rate hikes—a welcome development for investors but a concerning sign for the millions of unemployed Americans. The 1.2 million drop in job openings is the first official... + full article



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