– US job openings sink as economy slows, cost to borrow rises

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The News4JAX Morning Show team brings you breaking news from overnight — local, national and international stories, as well as weather and traffic to start your day. That is good news for the Federal Reserve in its efforts to bring down high prices without plunging the economy into a recession.

The government jobs report released Tuesday also showed that layoffs remained historically low, even after a modest increase in August. And overall hiring was essentially unchanged that month. Altogether, the data suggested that even as companies take down job postings, they aren’t cutting workers or slamming the brakes on adding jobs.

There were In March, job openings hit a record of nearly The report pushed major U. The U. The Dow Jones Industrial Average added to its early gains and jumped nearly points, or 2.

Federal Reserve officials are hoping to reduce the demand for workers by raising rates, which pushes up fodays cost of mortgages, auto loans, and borrowing for businesses. While workers typically читать больше larger raises, the Fed sees the current pace of wage increases — at about 6. Chair Jerome Powell and other Fed officials hope that their interest rate hikes — the fastest in roughly four decades — will cause employers to slow their efforts to hire more people.

Fewer job openings should reduce the pressure on companies to raise pay to attract and keep workers. Smaller pay /57884.txt, if sustained, could ease inflationary pressures. Powell has warned that the central bank’s rate kobs will likely lead to higher unemployment and potentially a recession.

Christopher Waller, a member of the central bank’s Board of Governors, has argued that the Fed’s rate hikes may be able to reduce job toddays and therefore inflation pressures without causing widespread job losses. When job openings fall, layoffs and unemployment typically rise, they found. Yet for now, businesses are still hiring.

Tuesday’s figures arrive the same week that a key report on jobs and the unemployment rate is set to be released Friday. Economists forecast that it will show that employers addedjobs in September and that the unemployment rate remained 3.

Jobs usa gov federal jobs in georgia football todays level of job openings and the number of quits have declined in recent months, which points to some cooling in the job market. Most people quit for another, typically higher-paying job. About 4. Copyright The Associated Jobs usa gov federal jobs in georgia football todays.

All rights jobs usa gov federal jobs in georgia football todays. This material may jos be published, broadcast, rewritten or redistributed geoggia permission. Watch The Morning Show The News4JAX Morning Show team brings you breaking news from overnight — local, national and international stories, as well as weather and traffic to start your day. A coastal flood advisory in effect for Inland St. Johns Region See the complete list. Watch The Morning Show. Johns Region.

US job openings sink as economy slows, cost to borrow rises. Christopher Rugaber Associated Press. Tags: Jerome PowellBusiness.

 
 

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