US Hiring Slows to 15-Year Low, Job Market Stalls
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
US businesses are hiring at the slowest pace in 15 years, with a 3.1% hires rate in February, down from 3.4% in January. Job openings also decreased, and sectors like construction and professional services saw significant hiring drops. Layoffs ticked up, while voluntary quits fell to the lowest since 2020. Economists attribute this slowdown to low worker confidence and company uncertainty, exacerbated by the Middle East conflict and potential energy cost increases.
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