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US job Openings Decline, Signaling a Cooling Labor Market

Washington D.C. – Recent data indicates a moderation in the U.S.labor market, as the number of job openings decreased in November, even as economic growth remains positive. this suggests a potential shift towards a “low-hire, low-fire” habitat, where companies are hesitant to expand thier workforce but are also retaining existing employees.

Job openings and Labor Turnover Survey (JOLTS) Report

The Labor Department reported on Wednesday that U.S. businesses posted 7.1 million job openings at the end of November, a decrease from 7.4 million in October