"US Job Openings Drop to Lowest Level Since March 2021, Reflecting Labor Market Demand"

Job openings in January dipped to their lowest level since March 2021, with 8.86 million open positions, while the quits rate decreased to 2.1%, signaling confidence among workers. The labor market is described as "still quite strong" by economists, and Federal Reserve Chair Jerome Powell noted that supply and demand conditions are improving. Wage gains for job changers increased in February, indicating ongoing tightness in the labor market, but there are signs pointing to potential wage deceleration in the future. Economists expect the February jobs report to show 200,000 jobs added and a 4.3% wage growth, down from 4.5% in January.