US Labor Dept report suggests slowing job growth amidst a drop in workforce participation
On Friday, the US Dept of Labor released the jobs report for the month of September which indicated that job growth is slowing down. The unemployment rate fell but this was greatly influenced by the thousands of Americans who left the labor force entirely last month. Furthermore, despite worker shortages, there are fears of an impending recession that has begun to affect hiring rates. High inflation and interest rates are of concern to employers, and it is likely the job market will continue to constrict as the US economy has already recovered the millions of jobs lost during the pandemic.
See "US Labor Dept report suggests slowing job growth amidst a drop in workforce participation", Paul Davidson, USA Today, October 7, 2022