Vacancies in the US decreased in October-report
2022.11.30 10:46
Vacancies in the US decreased in October-report
Budrigannews.com – In October, the number of US vacancies decreased, but remained very high, which indicates the continued stability of the labor market, although the Federal Reserve System is intensifying the cooling of demand by aggressively raising interest rates.
The demand for work decreased by 353 thousand to 10.3 million in October, the Ministry of Labor reported on Wednesday in the monthly report on vacancies and the state of personnel.
The number of new vacancies over the past month is in line with economists’ expectations. This year, the Fed increased its rate by $375 basis points at almost zero to the level of 3.75-4.00, which was the fastest phase of rate increases in the 1980s.
The US central bank is seeking to weaken labor consumption to reduce inflation. Good, good, good,
