US Labor Market Very Tight, Job Openings Near Record High in January

US Labor Market Very Tight, Job Openings Near Record High in January
A tractor trailer advertising job opportunities in the trucking industry drives south on Interstate 81 near Staunton, Virginia, on Jan. 22, 2022. Evelyn Hockstein/Reuters
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WASHINGTON—U.S. job openings fell in January, but remained near record highs as worker shortages persisted, pointing to a tight labor market that will continue to generate strong wage gains and contribute to keeping inflation high.

Job openings, a measure of labor demand, dropped 185,000 to 11.263 million on the last day of January, the Labor Department said on Wednesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS report.