US Job Openings Fall to 2-1/2-Year Low as Labor Market Cools

United States of America
Hiring has slowed, but employers have added 239,000 jobs per month this year.
The decline in job openings was led by the health care and social assistance sector, with unfilled jobs dropping by 236,000.
The number of job openings dropped by 617,000 to 8.733 million, the lowest level since March 2021.
The state of the labor market is closely monitored by the Federal Reserve as it considers its interest rate policy.
The unemployment rate has remained below 4% for 21 consecutive months.
US job openings fell to a 2-1/2-year low in October, indicating a cooling demand for labor.

In October, US job openings fell to a 2-1/2-year low, indicating a cooling demand for labor. The number of job openings dropped by 617,000 to 8.733 million, the lowest level since March 2021. The data also showed that there were 1.34 vacancies for every unemployed person, the lowest since August 2021. The decline in job openings was led by the health care and social assistance sector, with unfilled jobs dropping by 236,000. Despite the decrease in job openings, layoffs and the rate of workers quitting their jobs remained relatively unchanged, indicating workers' confidence in finding new employment.

The state of the labor market is closely monitored by the Federal Reserve as it considers its interest rate policy. A cooling labor market may lead to predictions that the Fed will not further increase rates. Some economists even anticipate a rate cut in mid-2024. The drop in job openings is seen as a positive development by the Federal Reserve, which has been raising interest rates to cool off the economy and bring down inflation.

Hiring has slowed, but employers have added 239,000 jobs per month this year. The unemployment rate has remained below 4% for 21 consecutive months. The November jobs report is expected to show an increase of nearly 173,000 jobs. The combination of easing inflation and a cooling job market may lead to a lessening of inflation pressures and a decrease in interest rates.

Confidence

100%

No Doubts Found At Time Of Publication

Sources

95%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

U.S. Job Openings Dropped in October

The Name Of The NZ Prefix. I PWA NZI.P.Was Dropped. J. Edward Tuesday, 05 December 2023 15:42
  • Unique Points
    • The state of the labor market is closely monitored by the Federal Reserve as it considers its interest rate policy.
    • A cooling labor market may lead to predictions that the Fed will not further increase rates.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

95%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Job openings fall to 32-month low, as the labor market tightens from boom times

The Fixing Site: A Summary of the Article. Lauren Kaori Tuesday, 05 December 2023 16:45
  • Unique Points
    • The drop in job openings is seen as a positive development by the Federal Reserve, which has been raising interest rates to cool off the economy and bring down inflation.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

US job openings lowest in more than 2-1/2 years

Reuters Lucia Mutikani Tuesday, 05 December 2023 16:21
  • Unique Points
    • The data also showed that there were 1.34 vacancies for every unemployed person, the lowest since August 2021.
    • The decline in job openings was led by the health care and social assistance sector, with unfilled jobs dropping by 236,000.
    • The Federal Reserve is expected to leave interest rates unchanged, with some economists even anticipating a rate cut in mid-2024.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

US Job Openings Fall to Lowest Level Since March 2021 as Labor Market Cools

US News & World Report Tuesday, 05 December 2023 17:05
  • Unique Points
    • Job openings in healthcare and social assistance, finance, and hotels, restaurants, and bars saw significant declines.
    • The November jobs report is expected to show an increase in jobs added and a steady unemployment rate.
    • The combination of easing inflation and a cooling job market may lead to a lessening of inflation pressures and a decrease in interest rates.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

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

The Associated Press News PAUL WISEMAN Tuesday, 05 December 2023 15:19
  • Unique Points
    • Hiring has slowed, but employers have added 239,000 jobs per month this year.
    • The unemployment rate has remained below 4% for 21 consecutive months.
    • The November jobs report is expected to show an increase of nearly 173,000 jobs.
    • The combination of easing inflation and resilient hiring raises hopes for a soft landing of the economy.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication