Job Growth Moderates but Labor Market Remains Resilient Despite Challenges
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Hiring is slowing across most sectors, but remains healthy overall. Key areas like healthcare are still seeing growth.
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Unemployment rate has ticked up half a point since April to 3.9%, partly due to more people entering the workforce.
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Job openings dropped substantially from peak but layoffs remain low, indicating cautious employers.
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Wage growth has moderated but still beats high inflation, boosting real wages.
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November jobs report on Friday will provide critical snapshot of labor market heading into 2024.