(Photo: Zivica Kerkez/Adobe Stock)
The hiring market in the U.S. is starting to slow down after many months of historically high activity as industry-specific layoffs take hold and federal interest rate hikes impact the overall economy. In September, there was an addition of 263,000 jobs and the unemployment rate decreased to a low of 3.5%, according to the Bureau of Labor Statistics' September 2022 Employment Situation Summary. This marked a deceleration from August, when the jobs market saw the biggest gain since the early months of the pandemic.
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