US Job Openings Plummet to Lowest Level in Over 2 Years

US job openings fell to a more than 2-1/2-year low in October, signaling a cooling labor market and suggesting that higher interest rates were dampening demand for workers. The decline in job openings, along with other inflation-friendly reports, has led financial markets to anticipate a rate cut as early as next March. The data also showed a decrease in resignations, which could help ease wage inflation over time. The Federal Reserve is expected to leave rates unchanged next week, and economists project tepid growth in the fourth quarter after a strong third quarter.