"US Job Openings Dip to 8.9 Million in January 2024, Reflecting Cooling Labor Market"

Job openings in January dipped to their lowest level since March 2021, with 8.86 million open positions, while the quits rate, a measure of worker confidence, decreased to 2.1%. Despite this, the labor market is still considered strong, according to economists. Wage gains for job changers increased in February, indicating ongoing tightness in the labor market, but there are signs that wage growth may slow in the future, potentially impacting inflation. The February jobs report is expected to show a decrease in wage growth and the addition of 200,000 jobs to the US economy, with an unchanged unemployment rate of 3.7%.