Job Openings Drop to Three-Year Low, Indicating Cautious Hiring in 2024
Allwork
MAY 2, 2024
decrease in the quits rate and slower hiring (now at 3.5%) — suggests that many employers are becoming more cautious about hiring amid persistent economic uncertainties. However, compared to the overall labor market, there still seems to be high demand for skilled labor in trade jobs (i.e. This figure would be down from March’s 303,000.
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