US Job Openings Increase in January; Layoffs Decline

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Tue, March 11, 2025

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US Job Openings Increase in January; Layoffs Decline

^{Published on 2025-03-11 10:41:08 - Reuters}

WASHINGTON (Reuters) - U.S. job openings increased in January, but demand for labor is likely to soften in the months ahead amid concerns that uncertainty over import tariffs and aggressive government spending cuts could cause a sharp slowdown in economic activity.

The U.S. job market showed signs of resilience in January, with job openings increasing to 10.8 million from a revised 10.5 million in December, according to the Labor Department's Job Openings and Labor Turnover Survey (JOLTS). This figure was higher than the expected 10.6 million, indicating a robust demand for labor. Additionally, layoffs decreased to 1.5 million from 1.6 million, suggesting a stable employment environment. The sectors with the most significant increases in job openings included professional and business services, health care, and social assistance. Despite these positive indicators, the quits rate, which measures voluntary job leavers, remained unchanged at 2.2%, reflecting a cautious approach by workers amidst economic uncertainties.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/us-job-openings-increase-in-january-layoffs-decline/ar-AA1AH8NK ]

N@N

US Job Openings Increase in January; Layoffs Decline