Sharp U.S. Hiring Slowdown Signals Cooling Economy Ahead.

The U.S. economy is showing signs of cooling as job growth slowed sharply in October. Employers added 150,000 jobs, half the previous month's gain and the smallest increase since June. The unemployment rate rose to 3.9%, and wage growth also slowed. This hiring slowdown may bring an end to the Federal Reserve's interest rate increases and could indicate a potential recession in the first half of next year. The report suggests a downshift in the labor market, with job gains concentrated in only a few sectors. [Extracted from the article]