"US Job Openings Plunge to Two-Year Low as Market Cools"

U.S. job openings decreased slightly in November, signaling a cooling labor market which may lead the Federal Reserve to cut interest rates in the near future. Despite the drop in job openings, layoffs, and quits, the labor market remains relatively strong, with job openings still outnumbering unemployed individuals. The manufacturing sector showed a slight increase in activity, but overall, the data suggests a stable economy that could avoid a recession, with expectations of continued moderation in wage growth and inflation.