U.S. job openings rose at first of the yr, one other signal the job market was strong when President Donald Trump returned to the White Home.
U.S. employers posted 7.7 million vacancies in January, the Labor Division reported Tuesday, up from 7.5 million. The outlook for the labor market is murky as Trump wages a trade war with international international locations, purges federal staff and threatens to deport thousands and thousands of immigrants.
Layoffs fell barely in January, and the variety of People quitting their jobs rose.
Openings are down from 8.5 million in January 2024 and a peak of 12.2 million in March 2022 when the economic system was roaring again from COVID-19 lockdowns.
The American labor market has slowed from the frenzied hiring of 2021-2023. Employers added 168,000 jobs a month in 2024, respectable however down from 216,000 in 2023, 380,000 in 2022 and a document 603,000 in 2021.
They created 125,000 new jobs in January and 151,000 in February. The unemployment price is a low 4.1%.
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