How the Job Market Is Faring as Fed Shifts Focus to Employment

The number of job openings has declined by approximately 1.1 million since September 2023, according to the Bureau of Labor Statistics.

People wait in line for a job fair to open, in Sunrise, Fla., on June 26, 2024. Joe Raedle/Getty Images

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How the Job Market Is Faring as Fed Shifts Focus to Employment

The number of job openings has declined by approximately 1.1 million since September 2023, according to the Bureau of Labor Statistics.

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By Andrew Moran

August 28, 2024Updated:September 04, 2024

Federal Reserve Chairman Jerome Powell, in his prepared speech at the recent Jackson Hole Economic Symposium, said: “It seems unlikely that the labor market will be a source of elevated inflationary pressures anytime soon. We do not seek or welcome further cooling in labor market conditions.”

Have the central bank’s tightening efforts since March 2022 finally doused the red-hot, post-COVID-19 pandemic U.S. labor market?

How the Job Market Is Faring as Fed Shifts Focus to Employment

How the Job Market Is Faring as Fed Shifts Focus to Employment

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