REPORT: Job openings slide to a two-year low as labor market gets tighter
As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by CNBC:
Job openings tumbled again in December to their lowest level in two years, according to Labor Department data released Tuesday.
With unemployment remaining around a 50-year low, the labor market tightened again as 2019 came to a close. Total vacancies now at 6.4 million, down from nearly 6.8 million in November. Wall Street estimates had been for about 6.9 million.
The article goes on to state the following:
Vacancies continued to decline in manufacturing with a 24% decline year-over-year.
“It is possible the decline in job openings represents in part better job matching (greater willingness of employers to hire and train workers) rather than a cautionary signal .. but these data should be watched closely in upcoming months.” – RDQ Economics #JOLTS pic.twitter.com/vSD7YRBhmT
— Carl Quintanilla (@carlquintanilla) February 11, 2020
The Department of Labor also reported on Monday that 225,000 new jobs were created in January.
ICYMI: 225,000 new jobs were created in January according to the latest @BLS_gov #JobsReport. Read more: https://t.co/YhLEuaacSN pic.twitter.com/1C7vZntgHo
— US Labor Department (@USDOL) February 10, 2020
Job openings slide to a two-year low, no longer outnumber the unemployed https://t.co/TqXGQwnGq4
— CNBC (@CNBC) February 11, 2020
To get more information about this article, please visit CNBC. To weigh in, leave a comment below.
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