The US job openings tumbled last month to their lowest level since January 2021, a sign that the labor market is losing some momentum. Still, posted vacancies remain well above pre-pandemic levels according to a detailed report by Associated Press.

US job openings drop in September to a 3 1/2-year low

UBS Global Wealth Management has revised its forecast for a US recession, raising the probability from 20 per cent to 25 per cent, according to a Reuters report.

UBS raises US recession probability amid economic concerns 

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us recession-probability

US job openings drop in September to a 3 1/2-year low

UBS raises US recession probability amid economic concerns