Job Openings Fall to Lowest Level in Nearly 2 Years in February

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York, on Sept. 3, 2021. Andrew Kelly/Reuters

U.S. job openings, a measure of labor demand, dropped to their lowest level in nearly two years in February, a potential sign that tight labor market conditions are finally easing.

This could be good news for the Federal Reserve’s aggressive interest rate policy, as it considers whether to pause its cycle of rate hikes.