woman and man smiling at new hire (Photo: Zivica Kerkez/Adobe Stock)

The hiring market in the U.S. is starting to slow down after many months of historically high activity as industry-specific layoffs take hold and federal interest rate hikes impact the overall economy. In September, there was an addition of 263,000 jobs and the unemployment rate decreased to a low of 3.5%, according to the Bureau of Labor Statistics’ September 2022 Employment Situation Summary. This marked a deceleration from August, when the jobs market saw the biggest gain since the early months of the pandemic.

Despite that deceleration——Fortune 100 companies largely remain in hiring mode, particularly in the tech space.

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