New data shows corporate America’s post-pandemic hiring push is coming to an end. U.S. job openings dropped by 617,000 in October to a 32-month low of 8.73 million, the Bureau of Labor Statistics reported Tuesday.
The figure was well below consensus forecasts for 9.4 million job openings, but most economists and Wall Street leaders don’t seem worried. In fact, quite the opposite. “This report should bring abundant holiday cheer,” Indeed Hiring Lab’s director of economic research, Nick Bunker, said of the job openings data.
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