Labor Market Tightens as Job Opening See Big Drop
February 13, 2020
Fewer businesses were looking to hire at the end of the year. Total job openings for December were at 6.4 million, according to the Labor Department. This is down from 6.8 million in November, and the lowest number since 2017. Economists had expected an increase to 6.9 million.
Manufacturing was the hardest hit, with vacancies down 24 percent from a year earlier. The Job Openings and Labor Market Survey shows that the number of open jobs is down more than one million from a year earlier, and that there are now fewer nongovernment jobs available than there are unemployed.