Job openings fall below 10 million for first time in nearly two years

[mystery-ak]

Job openings fall below 10 million for first time in nearly two years
Zachary Halaschak
3–4 minutes

The number of job openings in the United States tumbled below 10 million in February, the lowest level in nearly two years.

There were about 9.9 million job openings across all sectors that month, according to the Bureau of Labor Statistics Job Openings and Labor Turnover Survey updated Tuesday. The decline is a sign that the labor market, which has held up despite a series of major threats the past two years, is softening.

The largest decreases in job openings were in professional and business services; healthcare and social assistance; and transportation, warehousing, and utilities.

“Over a million fewer employment opportunities for American workers in just the first couple of months this year is evidence the strongest labor market since the 1960s is starting to show a few cracks,” said Chris Rupkey, chief economist at FwdBonds. “If openings lead job hirings, payroll employment is set to slow in the months ahead, which should help keep inflation pressures in check.”

About 4 million workers quit their jobs in November, up from 3.9 million the month before. The figure is equivalent to about 2.6% of the workforce.

more
https://www.washingtonexaminer.com/policy/economy/job-openings-fall-below-10-million-first-time

[mountaineer]

Meanwhile: US Trade Deficit Widens to $70.5B in February

[GtHawk]

Meanwhile: US Trade Deficit Widens to $70.5B in February

Maybe if Secretary Gina Raimondo  was more interested in her job instead climate change....what am I saying, she a Brandon appointee so she isn't capable of doing the job.

[Smokin Joe]

Is this a sign of employment, of is it the recession and offshoring of more jobs?

[roamer_1]

Is this a sign of employment, of is it the recession and offshoring of more jobs?

Probably more about adjusting the statistical political painting back to something emulating reality. 

[libertybele]

Is this a sign of employment, of is it the recession and offshoring of more jobs?

Most financial analysts say we are headed for a recession.  I think that we are already there.

[DefiantMassRINO]

The Fed's plan to crash the economy and put everyone out of work is showing early success.  There will be significantly less demand and less upward pressure on wages when millions are unemployed again.

[mountaineer]

Maybe if Secretary Gina Raimondo  was more interested in her job instead climate change....what am I saying, she a Brandon appointee so she isn't capable of doing the job.

Every damn cabinet member believes his/her only jobs are diversity and climate change, not commerce, transportation,  health or anything else.

[LMAO]

Every damn cabinet member believes his/her only jobs are diversity and climate change, not commerce, transportation,  health or anything else.

And we’re paying a horrible price as a nation as a result