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U.S job openings climb to 11 million at end of 2022. Labor market too strong for Fed

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U.S. job openings increased to 11 million at year-end; a decline was forecast

The numbers: Job 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 despite a slowing economy and more layoffs in some sectors such as high tech.The number of job openings is seen as a cue on the health of the labor market and broader U.S. economy. Job postings are still quite high even though they have retreated from a record 11.9 million last spring.

Some 4.09 million people quit jobs in the final month of 2022, the 19th month in a row it’s topped the 4 million mark

 

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