Job Openings Top Expectations Again as Demand for Workers Remains Highly ElevatedJohn Carney 8 Mar 2023
The number of job openings declined less than expected in January, indicating that the labor market remains extremely tight.
The Department of Labor said Wednesday that employers had 10.824 million open positions at the end of January, above the expected 10.6 million.
The prior month’s figure was revised up from 11.012 million to 11.234 million, indicating that demand for workers was even higher than previously thought. The data come from the Labor Department’s Job Openings and Labor Turnover survey, known as JOLTS.
The January report included data revisions to estimates going back to 2018. Nearly every count of job openings in the past year was revised higher. The March 2022 figure was revised to a new record high of 12 million.
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https://www.breitbart.com/economy/2023/03/08/job-openings-top-expectations-again-as-demand-for-workers-remained-highly-elevated/
