REPORT: Job openings slide to a two-year low as labor market gets tighter

FEBRUARY 11, 2020

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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.

The Department of Labor also reported on Monday that 225,000 new jobs were created in January.

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