U.S. job openings climb to 11 million at end of 2022, as the labor market is still too strong for the Fed

The numbers: Job openings in the U.S. rose to a five-month high of 11 million in December, a sign the labor market was still extremely tight despite a slowing economy and more layoffs in some sectors such as high tech.The number of job openings is... The numbers: Job openings in the U.S. rose to a five-month high of 11 million in December, a sign the labor market was still extremely tight despite a slowing economy and more layoffs in some sectors such as high tech.

Key details: The biggest increase in demand for labor was at hotels and restaurants as they sought to keep up with the desire of Americans to dine out and travel. The so-called quits rate among private-sector workers dipped to 2.9% from 3%. It peaked at 3.4% near the end of 2021. Julia Pollak, chief economist at ZipRecruiter, contends the government report exaggerates the amount of demand for labor.

OR THOSE JOBS WERE FOR CHRISTMAS AND EVERYTHING WILL GO BACK DOWN FOR JANUARY! 🤦🏼‍♀️🫣😉🤔

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

U.S job openings climb to 11 million at end of 2022. Labor market too strong for FedJob openings in the U.S. rose to a five-month high of 11 million in December, a sign the labor market is still extremely tight.
Source: MarketWatch - 🏆 3. / 97 Read more »

Digital asset investment products see highest inflows since July 2022: ReportThe overall trend suggests that investors are becoming more selective in their investments, with a divided sentiment toward blockchain equities. On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investments experienced a surge in inflows last week, reaching $117 million, the highest since July 2022.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Jacksonville airport 2022 - Jacksonville Business JournalJIA saw its second highest year on record in 2022, see what led to the busy skies and what the airport expects for 2023.
Source: JaxBizJournal - 🏆 599. / 51 Read more »