Amid the Federal Reserve’s efforts to cool off a red-hot employment market, the Labor Department reported that job openings dipped in October. The Job Openings and Labor Turnover Survey showed a decline of 353,000 from September and down 760,000 compared with a year ago.
As per the Commerce Department, the core Personal Consumption Expenditures index rose 0.2% in October month over month, while the index rose 5% year over year in October compared with 5.2% in September. This a sign that price increases might be stabilizing.
