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S&P 500 Hits All-Time High

This is a U.S. news story, published by Yahoo Finance.

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The hiring rate trending lower could be a sign of problems to come

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87% Informative

The S&P 500 set a closing high of 5,762.48 on Monday .

The index is now up 20.6% year to date and up 60.4% from its October 12, 2022 .

The U.S. economy created a healthy 254,000 net new jobs in September .

The hiring rate has fallen to 3.1% , matching the lowest level of the current economic cycle.

Hiring activity, while cooling, continues to be much higher than layoff activity.

Job switchers still get better pay; pay growth in September for those who changed jobs was up 6.6% from a year ago .

Average 30-year fixed-rate mortgage rates rose to 6.12% , up from 6.08% last week .

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www.tker.co www.bls.gov www.dol.gov www.atlantafed.org www.ismworld.org www.pmi.spglobal.com payinsights.adp.com gasprices.aaa.com www.census.gov www.freddiemac.com

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