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Job openings hit 7.5M but hiring slows to lowest pace since 2013 amid Fed rate hikes.

Market News
04 Nov 2026, 20:08 WIB
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Job openings hit 7.5M but hiring slows to lowest pace since 2013 amid Fed rate hikes.

Employers reported 7.523 million job openings in September, exceeding forecasts, yet hiring slowed to its slowest pace since 2013, with a 3.4% hiring rate. This paradox reflects a labor market where many jobs remain unfilled for weeks, and workers are reluctant to quit amid low layoffs and inflation pressures. The Federal Reserve's recent rate hikes are making hiring more expensive, contributing to slow job growth despite strong openings. For investors in the SPDR S&P 500 ETF, steady employment supports consumer spending, but rising rates and weak hiring add uncertainty ahead of upcoming employment data releases.

The story on job openings and hiring rates provides context for market conditions. For readers following US stocks, here is Pluang's market snapshot as of Nov 04, 2026 23:21 WIB: out of 150 priced stocks, 116 rose and 34 fell. Notable movers include Uber Technologies Inc at USD 72.01 with an 8.12% increase, FuelCell Energy Inc at USD 10.30 down 8.12%, and JetBlue Airways Corporation at USD 3.44 up 8.02%.

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