US job openings sink as economy slows, cost to borrow rises

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www.wxxv25.com – WXXV Staff – 2022-10-04 14:11:55

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Help wanted sign is displayed in Deerfield, Ill., Wednesday, Sept. 21, 2022. (AP Photo/Nam Y. Huh)

WASHINGTON (AP) — The number of available jobs in the U.S. plummeted in August with July as businesses grow less desperate for workers, a trend that could cool chronically high inflation.

That is good for the Federal Reserve in its efforts to bring down high prices without plunging the economy into a recession. The government jobs report released Tuesday also showed that layoffs remained historically low, even after a modest increase in August. And overall…

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