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Job Openings in the U.S. Hit Lowest Level in Over a Year

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Recent data reveals a significant decline in job openings across the United States, dropping from 7.45 million in October to 7.15 million by the end of November. This marks the lowest level since September 2024, indicating a tightening labor market. Hiring rates also fell, with only 5.12 million new hires reported in November compared to 5.37 million in October. Despite some sectors like information and construction seeing slight job gains, overall employment growth remains sluggish amid economic uncertainty. Economists predict a modest addition of 55,000 jobs in December, reflecting ongoing challenges in the job market.

Key Details: • Job openings decreased to 7.15 million by late November 2024. • Hiring rates fell to 5.12 million new hires in November. • Economists expect about 55,000 jobs created in December. • Sectors like healthcare and hospitality saw job gains in December.

economy employment hiring job-market labor-statistics

People & Organizations

Bureau of Labor StatisticsNela RichardsonADP

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