Job Openings Drop Below 10 Million for First Time in Nearly Two Years
TL;DR Summary
The number of job openings in the US fell to 9.9 million in February, compared to 10.6 million in January, according to the Labor Department's Job Openings and Labor Turnover Survey (JOLTS). The report also showed that the labor market remains healthy, with 4 million workers quitting their jobs during the month and the number of layoffs decreasing slightly to 1.5 million. The Federal Reserve has been paying close attention to the ratio of job openings to unemployed workers, which decreased from 1.9 in January to 1.7 in February, as it aims to contain inflation by cooling hiring.
- Job Openings Fell in February, JOLTS Report Shows The New York Times
- Job openings tumbled below 10 million in February for the first time in nearly two years CNBC
- Feb job openings slip to 9.9M; a win in inflation fight? Yahoo Finance
- Job openings shrank more than expected in February in a positive sign for the Fed CNN
- Job openings fall to 21-month low of 9.9 million. Labor cools, but it's still hot MarketWatch
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