Federal data also shows fewer people quit last month, bringing rates back in line with pre-pandemic levels.
There are only so many options. Ideally, they don't include a boom or a bust.
If the Fed can tamp down inflation without sparking a recession, it would be only the second time in history in U.S. history.
Profits fell for the second quarter in a row, partly due to Fed rate hikes. Whether it’s a good thing depends on your role in the economy.
Fewer job openings in normal times might be not great news, but right now, it is — cautiously speaking — a good sign.
The latest outlook from the National Association for Business Economics offers mixed forecasts.
The metaphor for the Federal Reserve's inflation-fighting goal is losing favor. Hard landings are more common, unfortunately.
It's largely about preventing “inflationary psychology” from becoming entrenched, the Bank for International Settlements said.
Fed Chair Jerome Powell: "Whether we can execute a soft landing or not, it may actually depend on factors that we don't control."
"I think the one thing we really cannot do is to fail to restore price stability," Powell told Kai Ryssdal.
"A look at the record shows that the Fed often stumbles in its efforts to save the day," says Ben White, chief economic correspondent at Politico.