The Job Openings and Labor Turnover Survey showed there were 10.33 million vacancies for the month, decline of 353,000 from September and down 760,000 compared to a year ago.
Workers sort packages at a FedEx Express facility on Cyber Monday in Garden City, New York, on Monday, Nov. 28, 2022.Job openings dipped in October amid the Federal Reserve's efforts to cool off a red-hot employment market, the Labor Department reported Wednesday., a closely watched gauge of slack in the labor force, showed there were 10.3 million vacancies for the month. That's a decline of 353,000 from September and down 760,000 compared to a year ago.
The Fed has instituted a series of rate hikes aimed at bringing down runaway inflation. One area of particular focus has been the ultra-tight jobs market, with a 3.7% unemployment rate and wage gains that are helping to fuel price pressures.
Say this out loud to someone: 'Don Wells wrote a book about the Federal Reserve'
Fed causes recession. Fixed it
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