Reported 1 day ago
Job openings fell to the lowest level since last September, with 7.57 million positions available in February, marking a continued cooling in the labor market. The decline in openings, coupled with a slight increase in hires to 5.4 million and a decrease in the quits rate to 2%, suggests growing uncertainty among consumers about future job security. As the Federal Reserve considers potential interest rate cuts, economic growth signals, including a dip in the manufacturing employment index and declining consumer confidence, indicate possible challenges ahead.
Source: YAHOO