Salem Radio Network News Friday, February 23, 2024

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US job openings fall to lowest level since March 2021 as labor market cools

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( ) -q-17- UNDATED (Correspondent Jeremy House) “month this year.”

U.S. employers posted 8.7 million job openings in October, the fewest since March 2021.

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TAG: Correspondent Jeremy House reporting. The job market has shown surprising resilience even as the Federal Reserve has raised its benchmark interest rate 11 times since March 2022 to fight high inflation.

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VERBATIM: It’s a sign that hiring is cooling in the face of higher interest rates. Openings were down significantly from 9.4 million in September. Hiring is slowing from the breakneck pace of the past two years. Still, employers have added 239,000 jobs a month this year.

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