Reported about 5 hours ago
The recent decline in the hiring rate indicates potential future economic challenges, despite the U.S. economy adding a substantial 254,000 jobs in September. While the layoff rate remains low, this cooling in job creation could foreshadow difficulties for the labor market, as the hiring rate has reached a low of 3.1%. Monitoring key indicators such as the Job Openings and Labor Turnover Survey (JOLTS) will be crucial in predicting shifts in employment and the overall economy.
Source: YAHOO