Feb job openings slip to 9.9 million
WASHINGTON — U.S. job openings slipped to 9.9 million in February, the fewest since May 2021 and a sign the job market may be starting to cool, which would be
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WASHINGTON — U.S. job openings slipped to 9.9 million in February, the fewest since May 2021 and a sign the job market may be starting to cool, which would be
Despite the drop, the number of layoffs ticked lower in February, and more Americans quit their jobs—a sign of confidence they can find better pay or working conditions elsewhere.
By Lucia Mutikani
Job openings in the US dropped to their lowest level in nearly two years last month, in a sign that the red-hot labor market is finally cooling, which could help ease pressure on inflation.
Despite fewer job vacancies, 146,000 individuals resigned from their companies, indicating a loosening US labor market.