News Formal

3 indicators the job market is seeing what one economist calls an ‘unambiguous cooldown'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The U.S. job market remains strong. But new federal data on layoffs, job openings and quits points to a continuing slowdown.

Openings decreased to 9.6 million in March, a drop of 384,000 from February, according to JOLTS data.

Small businesses with fewer than 50 employees seem to have led the decline in overall job openings in March, said Julia Pollak, chief economist at ZipRecruiter. Quits are a proxy for worker confidence that they can find another job, since those who leave often do so for new employment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

14 million jobs worldwide will vanish in the next 5 years, new economic report finds | CNN BusinessHuge disruptions will rock the global job market over the next five years as the economy weakens and companies boost adoption of technologies such as artificial intelligence.
Source: CNN - 🏆 4. / 95 Read more »