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Job Openings Drop as Fed Considers Interest Rate Decision
Job openings fell to 7.44 million in September, a notable decline from August’s revised 7.86 million and the lowest level since early 2021, according to new data from the Bureau of Labor Statistics. This decrease, which exceeded economists' expectations of 8 million openings, adds to signs of a softening labor market ahead of the Federal Reserve’s upcoming interest rate decision on Nov. 7. The JOLTS report also noted a modest increase in hiring, with 5.55 million hires in September and a slight rise in the hiring rate to 3.5%. Additionally, the quits rate dropped to 1.9%, indicating workers’ reduced confidence in finding new opportunities. As labor demand cools, economists expect further moderation in wage growth, which could help alleviate inflationary pressures. Markets currently forecast a 99% probability of a 25 basis-point interest rate cut by the Fed.
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Prioritize Focused Time Over Multitasking
Dedicate blocks of time to work on one priority task instead of juggling multiple. This helps you achieve deeper focus, reduce errors, and complete high-impact work faster.
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