2023-12-05 15:33:34
WASHINGTON, Dec 5 (Archyde.com) – The number of job openings in the United States fell in October to its lowest level since the start of 2021, a sign of easing in the labor market as rising interest rates interest dampens demand in the economy.
Job openings, a measure of labor demand, fell by 617,000 to 8.733 million in October, according to the Labor Department’s latest Job Openings and Labor Turnover Survey report released Tuesday.
Those for September were revised downwards, to 9.350 million, against 9.553 million initially announced.
Economists polled by Archyde.com expected 9.30 million job openings in October.
The slowdown in the job market and the fall in inflation have raised hopes of the end of the cycle of rising interest rates from the American Federal Reserve (Fed). Financial markets even anticipate a cut in federal funds rates in the United States before the end of the first half of 2024. (Reporting Lucia Mutikani; French version Claude Chendjou, edited by Kate Entringer)
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