US Job Openings Drop, Labor Market Balances
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Job openings in the US decreased to 6.88 million in February, marking the lowest level since December 2020. Sectors like accommodation, healthcare, and manufacturing drove this decline. The quits rate dropped to 1.9%, indicating a balanced labor market. Consumer confidence rose in March, suggesting caution in job-hopping. However, the war in Iran may impact hiring and keep interest rates elevated.
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