It’s a tough jobs market. Fewer people are quitting. And businesses are hiring workers at the slowest pace since the pandemic.
1. Job openings remain unchanged at 7.2 million, hinting at a stalled labor market. 2. Private sector hiring fell to 3.5%, matching a 15-year low. 3. Layoff rates decreased slightly, still below pre-pandemic levels. 4. Disruptions are possible with potential government shutdown affecting economic reports. 5. Market sentiment remains weak; DJIA and S&P 500 showed declines.