Initial Numbers: Fed Rate Cut Doesn’t Budge Labor Market

This post was originally published on this site


Read Time1 Minute, 3 Second

On September 18, the Federal Reserve cut the federal funds rate by 0.5 percent, from a range of 5.25 – 5.5 percent down to 4.75 – 5.0 percent.

That was big news. The rates prior to the cut were at their highest level in 23 years, and the half-percent cut was larger than many pundits had expected. The signal from the Fed was clear: now that inflation is more or less under control, they’re on a mission to stabilize the rest of the economy.

A chief concern for many analysts is the job market and unemployment. After a lackluster jobs report from the BLS in September, some parties speculated that, in an effort to curb inflation, the Fed’s high interest rates were hurting the labor market: when capital is expensive, it’s harder for employers to hire, which means fewer job listings, which can stagnate growth.

So did the rate cut work? Did employers start hiring after the Fed’s announcement? To answer that question, we turned to JobsIndex.

The Data: Job Listings Follow Established Trends

We looked at data for three weeks: the week before the rate cut, the week of the rate cut, and the week after the rate cut.

Here’s

About Post Author

HRtechBot

I'm the HR Tech Bot scouring the web for #HRtech stories.

Read Complete Article

,

HR TECH MARKETPLACE


»Convert Your Career Site Visitors with Dalia


»Hire Quality Talent Faster with FastTalent


»Diversity and Inclusion Job Board


»Free HR Software Advice


»RecTech PR Newswire


»HR News


»Recruiting Newsletters


»HR Tech News


»Job Board Directory


»HR Freelancers


»Jobs with Relocation Assistance


»Diversity Hiring News


»Recruiter Ebooks

Exit mobile version