Job Market Finally Shows Signs of Slowing Down

Happy Friday! Job Market Finally Shows Signs of Slowing Down Employers hired 150,000 new workers in October, the Labor Department announced Friday, marking a slowdown in the pace of hiring in the U.S. economy. Job gains in August and September were revised lower, as well, with the September reading moving down by 39,000 to a still robust 297,000. The labor force decreased by 201,000 last month, and the unemployment rate rose slightly to 3.9% — low by historic standards, but the highest reading since January 2022.

The job market is cooling but still surprisingly strong. Is that a

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