TechFlame News: According to Jinshi, data from the U.S. Bureau of Labor Statistics shows that the annual increase in labor costs slowed to 3.5% in the third quarter, marking the slowest growth rate in four years, with a quarterly growth of 0.8%. This data indicates a continued cooling of the job market, which helps alleviate inflationary pressures. Many employers have slowed their hiring pace, and some companies have begun layoffs, reflecting workers' diminished confidence in job-hopping prospects.