Although the American economy is fairing much better than most other parts of the world, the news released today, May 1st 2025 does not make for overly great reading. In March, job openings in the US dipped to their lowest level in over three years. The positive spin on this is they do remain historically elevated, indicating resilience in the job market amidst rising interest rates.
According to the Labor Department's report on Wednesday, employers posted 8.5 million vacancies in March, down from 8.8 million in February and marking the lowest count since February 2021.
The decrease in job openings coincided with a decline in the number of Americans quitting their jobs, reaching the lowest level since January 2021. This suggests a waning confidence in finding better opportunities, although layoffs decreased.
While monthly job openings have significantly decreased from their peak of 12.2 million in March 2022, they still maintain a high level. This level, surp ...
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