The industries with the largest declines in job openings were professional and business services, health care and social assistance, and transportation, warehousing and utilities, according to the BLS. “Some of the steam is starting to come out of the job market, and we’ll likely see that both in hiring slowing down and probably a slower increase in the unemployment rate in the coming months.” “The job market peaked early in the year,” Mark Hamrick, senior economic analyst with Bankrate, told CNN in an interview. That’s lower than the downwardly revised 10.56 million reported for January, according to the latest Job Openings and Labor Turnover Survey.Įconomists were expecting 10.4 million available positions, according to Refinitiv. The number of available jobs in the United States dropped in February to 9.93 million, the lowest number since May 2021, according to data released Tuesday by the Bureau of Labor Statistics. America isn’t taking down all of its “help wanted” signs just yet - but they are slowly starting to disappear.
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