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US Job Openings Decline to Lowest Level in Over a Year

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The latest Job Openings and Labor Turnover Survey indicates that the number of job openings in the U.S. fell to 7.15 million in November, marking the lowest level since September 2024. This decline reflects a broader trend of reduced hiring across most industries, with only retail and construction showing some resilience. New hires also decreased to 5.12 million, the lowest since June 2024. Despite fewer layoffs and an increase in worker resignations, the labor market remains sluggish, characterized by low hiring and turnover rates. Economists anticipate a modest addition of 55,000 jobs in December, concluding a year of slow employment growth impacted by various economic uncertainties.

Key Details: • Job openings fell from 7.45 million to 7.15 million in November. • New hires decreased from 5.37 million to 5.12 million. • Health care and education sectors saw job gains in December, adding 39,000 and 24,000 jobs respectively. • Expectations for December's job report suggest an addition of about 55,000 jobs.

economy jobs employment labor-market hiring

People & Organizations

Bureau of Labor StatisticsNela RichardsonADP

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