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US: Job openings sink to a post-pandemic low. The economy is barely adding any new jobs
The number of job openings in December fell to the lowest level in eight years if the pandemic era is excluded, underscoring the fragility of the U.S. labor market as the new year got under way. U.S. job openings dropped by 386,000 in December to 6.5 million, the government said in a report delayed by federal shutdowns. That's the lowest total since 2017 if the pandemic year is omitted. New hires in December totaled 5.29 million, but they were offset by 5.25 million separations - layoffs, job quitters, retirements, deaths and so forth. The exceedingly small gap between hires and separations illustrates just how weak ... (full story)
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The number of job openings continued to trend down to 6.5 million in December, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.3 million each. Within separations, quits (3.2 million) were unchanged while layoffs and discharges (1.8 million) were little changed. This release ...
From wellsfargo.bluematrix.com | Feb 5, 2026
The December JOLTS report underscored the labor market remains in a precarious position. Job openings fell to 6.5 million and are down around 10% over the past year. The ongoing slide suggests a turnaround in hiring conditions is not yet upon us. Turnover data also suggest labor market activity remains subdued. The hiring and quit rates remained near their ...
From media.rabobank.com | Feb 5, 2026
As expected, the Bank of England’s Monetary Policy Committee (MPC) voted to keep the Bank Rate unchanged at 3.75%. The vote was notably dovish, with a 5-4 split: the usual doves, Dhingra and Taylor, were joined by Ramsden and Breeden in calling for a 25bp cut to 3.50%. This wasn’t expected. The central bank expects inflation to be around the 2% target from ...
