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! 🤦🏼‍♀️🫣😉🤔

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