U.S. Job Openings Dropped in October
Written by Black Hot Fire Network on December 5, 2023
Why It Matters: The state of the labor market affects interest rate policy.
The labor market is closely watched by the Federal Reserve as it mulls its interest rate policy. A cooling labor market tends to fuel predictions that the Fed will not further increase rates, which have risen to a range of 5.25 to 5.5 percent from nearly zero in March 2022.
The labor market has been surprisingly resilient since the Fed started its rate increases in a campaign to . . .
