There Are 7 Million Job Openings But Almost Nobody Under 26 Is Getting Hired

Job openings have risen to their highest level since May, but the article flags that something is leaving payrolls in a way the 4.1% unemployment rate may not capture. The implication is a less reliable read-through from headline labor slack to real hiring/underemployment, keeping policymakers cautious about the pace of cooling. Net effect: labor-market signals are mixed, which can sustain uncertainty around future Fed stance.