Business

US Job Openings Plunge in December Signaling Further Cooling of Labor Market

Business surveys point to stronger hiring intentions, but they haven’t showed up in hard data yet,' says economist Bill Adams.
US Job Openings Plunge in December Signaling Further Cooling of Labor Market
People wait in line for a job fair to open in Sunrise, Fla., on June 26, 2024. Joe Raedle/Getty Images
Andrew Moran
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Job openings declined sharply in December 2024 and fell short of market expectations, signaling further cooling in the labor market.

According to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Summary (JOLTS) report, the number of job vacancies declined by 556,000 to 7.6 million last month, the lowest since September 2024.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."