US Job Openings Rise Slightly After Surging in September; Fewer Workers Quitting Their Jobs
U.S. job openings increased marginally in October after surging in September, but subdued hiring and the lowest level of resignations in five years underscored the economic uncertainty that economists have largely blamed on tariffs.
The Labor Department's monthly Job Openings and Labor Turnover Survey, or JOLTS report, was released on Tuesday as Federal Reserve officials started a two-day policy meeting. Financial markets expect the U.S. central bank will cut its benchmark overnight interest rate by another 25 basis points to the 3.50%-3.75% range on Wednesday out of concern for the labor market. The Fed has lowered borrowing costs twice this year...
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