"US Job Openings Plunge to Two-Year Low, Signaling Cooling Employment Market"
TL;DR Summary
U.S. job openings in November dropped to their lowest since March 2021, indicating a cooling labor market. The Bureau of Labor Statistics reported 8.79 million job openings, slightly below expectations. The quits rate also fell to its lowest since September 2020, suggesting less worker confidence. This data aligns with the narrative of a slowing labor market and decreasing inflation, setting the stage for the upcoming December jobs report, which is anticipated to show an increase in the unemployment rate to 3.8%.
- Monthly job openings hit lowest level since March 2021 Yahoo Finance
- America's booming jobs market comes back to earth Axios
- US job openings fell to fresh 2-year low in November CNN
- Job openings nudged lower in November, down to 1.4 per available worker CNBC
- Finding a New Job Is Getting Harder The Wall Street Journal
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