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#USJobsSlump #USJobsSlump: Labor Market Cools as Job Openings Decline šŸ“‰ As of December 2024, the U.S. job market saw a significant drop in job openings, falling to 7.6 millionā€”a 556,000 decline from the previous month and down 1.3 million year-over-year. Key Sector Declines: šŸ”» Professional & Business Services: -225K šŸ”» Health Care & Social Assistance: -180K šŸ”» Finance & Insurance: -136K Despite fewer openings, hires remained steady at 5.5 million, and quits held at 3.2 million, signaling that while hiring slows, existing jobs remain stable. This trend suggests employers are becoming more cautious, making future job data crucial in assessing economic direction and policy impacts. #JobsReport #USLaborMarket #Employment #Economy
#USJobsSlump

#USJobsSlump: Labor Market Cools as Job Openings Decline šŸ“‰

As of December 2024, the U.S. job market saw a significant drop in job openings, falling to 7.6 millionā€”a 556,000 decline from the previous month and down 1.3 million year-over-year.

Key Sector Declines:

šŸ”» Professional & Business Services: -225K

šŸ”» Health Care & Social Assistance: -180K

šŸ”» Finance & Insurance: -136K

Despite fewer openings, hires remained steady at 5.5 million, and quits held at 3.2 million, signaling that while hiring slows, existing jobs remain stable.

This trend suggests employers are becoming more cautious, making future job data crucial in assessing economic direction and policy impacts.

#JobsReport #USLaborMarket #Employment #Economy
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