US JOB OPENINGS SLIDE TO 14-MONTH LOW
- NEWS Desk Global
- 3 days ago
- 1 min read
U.S. job openings dropped to a 14-month low in November while hiring resumed its sluggish tone, pointing to ebbing demand for labor amid policy uncertainty related to import tariffs and the integration of artificial intelligence in some work roles.
Despite the larger-than-expected decline in job postings reported by the Labor Department on Wednesday, employers remained hesitant to carry out mass layoffs, keeping the labor market in what economists and policymakers call a "no hire, no fire" state. That bolstered economists' expectations the Federal Reserve would keep interest rates unchanged later this month.
