US Job Openings Remain Strong in September despite Efforts to Cool Economy

The US job market continues to display strength as employers posted 9.6 million job openings in September, indicating a resilient labor market. Layoffs also decreased, pointing to increased job security for workers. While job openings have decreased since March 2022 when they reached a record high, they remain high compared to pre-pandemic levels. The Federal Reserve aims to cool the economy to control inflation but is facing challenges due to robust hiring and economic growth. The central bank is expected to maintain its benchmark interest rate unchanged.