Feb. 11 (Bloomberg) — Job openings in the fell in December from an almost six-year high and hiring slowed, a sign the labor market cooled at the end of the year.
The number of positions waiting to be filled declined by 43,000 to 3.99 million, from a revised 4.03 million the prior month, the Labor Department said today in Washington. Fewer Americans quit their jobs.
The report follows data last week that showed a smaller- than-projected gain in January payrolls after a weather- depressed December, marking the weakest back-to-back advance in three years. Faster hiring would help spur the wage growth needed to boost the consumer spending that accounts for almost 70 percent of the economy.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
