Job openings slide to 32-month low as U.S. hiring boom fades

by | Jan 3, 2024 | Stock Market

The numbers: Job openings fell in November to a 32-month low of 8.8 million in another sign that a prolonged U.S. hiring boom is fading in response to higher interest rates. Job listings slid from a revised 8.9 million in October, the Labor Department said Wednesday.

Many openings are never actually filled, but the trend in job postings gives clues on the health of the labor market and the broader economy. Job openings have declined steadily from a record 12 million in 2022.

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[mwai_chat context=”Let’s have a discussion about this article:nnThe numbers: Job openings fell in November to a 32-month low of 8.8 million in another sign that a prolonged U.S. hiring boom is fading in response to higher interest rates. Job listings slid from a revised 8.9 million in October, the Labor Department said Wednesday.

Many openings are never actually filled, but the trend in job postings gives clues on the health of the labor market and the broader economy. Job openings have declined steadily from a record 12 million in 2022.

…nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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