Hiring and Promotion – Page 27

U.S. Job Growth Eases, but Is Too Strong to Suit Investors

The gain of 263,000 was shy of recent monthly totals but still robust. Stocks fell on fears of a harder, longer Fed campaign to fight inflation.

Despite slowing slightly, wage growth remains strong. Fed officials are likely to see that as a green light to stay focused on cooling the economy.

Many workers grew comfortable thinking they had plenty of options. Now “everybody’s feeling the whiplash,” and anxiety is rising.

It is the latest tech company to pump the brakes on hiring amid growing economic concerns.

Government data showed 10.1 million openings, a decline from 11.2 million in July. Overall hiring, quitting and layoffs were fairly steady.