The Labor Department's Job Openings and Labor Turnover Survey showed there are 10.824 million openings, down some 410,000 from December.
The Labor Department's JOLTS report showed there are 10.824 million openings, down some 410,000 from December.Quits, a signal of worker confidence in mobility, fell to 3.88 million, the lowest level since May 2021.
A ‘Now Hiring’ sign is displayed outside a Jiffy Lube location amid a still-robust labor market on February 2, 2023 in Los Angeles, California.Job openings declined slightly in January but still far outnumber available workers as the labor picture remains tight, according to data released Wednesday.showed there are 10.824 million openings, down some 410,000 from December, the Labor Department reported. That equates to 1.9 job openings per every available worker.
Despite the decline, the total was still higher than the FactSet estimate of 10.58 million. December's number also was revised up by more than 200,000. Federal Reserve officials watch the JOLTS report closely as they formulate monetary policy. In remarks on Capitol Hill this week, Fed Chairman
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