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US Job Openings Fall to 2-Year Low
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US job openings fell for the third consecutive month in November, reaching a 2-year low of 8.79 million, indicating a cooling labor market. This reflects the Federal Reserve's historic monetary policy tightening and the need for further slowdown to achieve the 2% inflation target.
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How might the cooling labor market impact the overall economic growth in the US?
How might this trend affect the competition for talent and hiring decisions in the US job market?
What strategies could the Federal Reserve employ to balance economic growth with job market conditions?
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