US job openings dipped in January

Source: Axios

“The number of job postings in the U.S. dipped in January, though the level of openings remains elevated, the Department of Labor said on Wednesday. The data signals that the labor market continues to chug along. Employers still have healthy demand for workers, and hiring and turnover rates are holding steady, while layoffs hover near historic lows. The number of job openings fell to 10.8 million in January, down from the upwardly revised 11.2 million openings in the prior month. The construction, leisure and hospitality and finance industries recorded the largest pullbacks in job openings.” (03/08/23)