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U.S. Job Market in October 2023: Job Openings Fell to 8.7 million
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Overview
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U.S. job market in October 2023 saw a decrease in job openings to 8.7 million, influenced by higher interest rates. Some sectors experienced significant declines, while hiring and separation rates remained relatively stable.
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How might the cooling job market impact job seekers and employers?
What factors contributed to the decline in job openings in certain sectors?
What strategies can employers and workers employ to navigate the cooling job market?
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