Job openings in September tumbled by 418,000 to 7.443 million.

That was the lowest since February 2021 and much worse than the 7.980 million expected.

Not to mention, August job openings were revised lower from 8.040 million to 7.861 million.

The weak JOLTS reports adds to evidence of a slowing labor market and raises the chances of further rate cuts by the Fed this year.

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