Market Updates
U.S. Job Openings Held Steady In January
Brian Turner
06 Mar, 2024
New York City
The number of job openings decreased by 86,000 to 8.9 million in January from the previous month, the U.S. Bureau of Labor Statistics reported Wednesday in its monthly Job Openings and Labor Turnover Survey.
The job openings measure is down from a series high of 12.2 million in March 2022.
In January, job openings increased in nondurable goods manufacturing by 82,000 but decreased in private educational services by 41,000.
Over the month, the number of hires and total separations were little changed, at 5.7 million and 5.3 million, respectively.
The number of job openings for December was revised down by 137,000 to 8.9 million, the number of hires was revised up by 166,000 to 5.8 million, and the number of total separations was revised up by 54,000 to 5.4 million.
In 2023, the annual average job opening level was 9.4 million, a decrease of 1.8 million from 2022. The annual average job opening rate was 5.7 percent in 2023, compared to 6.8 percent in 2022.
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