How the Job Market Is Faring as Fed Shifts Focus to Employment
SUNRISE, FLORIDA - JUNE 26: People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida. More than 50 companies set up booths to recruit people from entry-level to management. Open jobs include police officers, food service, security, sales reps, technicians, customer service, IT, teacher assistants, insurance agents, and account executives. Photo by Joe Raedle/Getty Images
SUNRISE, FLORIDA - JUNE 26: People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida. More than 50 companies set up booths to recruit people from entry-level to management. Open jobs include police officers, food service, security, sales reps, technicians, customer service, IT, teacher assistants, insurance agents, and account executives. Photo by 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
Updated:

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?

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