Summary

US job openings fell to 6.54 million in December, the lowest since 2020, driven by declines in professional services and retail. Layoffs increased, particularly in transportation and warehousing, while hires remained subdued. The JOLTS report suggests companies are being selective in hiring, aligning with the Federal Reserve’s view that wage growth is not a significant inflationary pressure.

https://www.theedgesingapore.com/news/us-economy/us-job-openings-drop-lowest-2020-layoffs-edge