Vacancies at US employers retreated at the start of the year but remained historically elevated, highlighting persistent labor tightness that supports a higher level of interest rates from the Federal Reserve.
The number of available positions decreased to 10.8 million in January from an upwardly revised 11.2 million a month earlier, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Wednesday. The median estimate in a Bloomberg survey of economists called for 10.5 million openings.
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March 08, 2023 at 10:01PM
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US Job Openings Drop to 10.8 Million But Are Still Too High for Fed - Bloomberg
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