The numbers: U.S. job openings rose to 6.92 million in January from a revised 6.75 million in the previous month, the Labor Department reported Thursday. This is up from pandemic low of under 5 million.
The quits rate, an important measure of worker confidence, slipped to 2.3% in January from 2.4% in the prior month. Workers typically quit their jobs when they are confident they can get a better one. There was positive data last week about the labor market, with the economy adding 379,000 jobs in February. The JOLTS data is reported with a one-month lag.
Thanks, Trump!
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