Pedestrians walk past a help wanted sign posted on the door of a restaurant in San Francisco, Tuesday, April 18, 2023. (AP File)
Share
Getting your Trinity Audio player ready...
|
WASHINGTON — Employers posted 7.6 million job openings in February, a sign that that the job market is slowing but remains healthy.
The number of vacancies fell slightly from a revised 7.8 million in January and from a 8.4 million a year earlier. Openings have come down more or less steadily since peaking at 12.2 million in March 2022 when the economy was still roaring back from COVID-19 lockdowns.
The American job market has proven surprisingly durable. But it has clearly lost momentum from the frantic hiring days of 2021-2023. And the outlook for hiring is cloudy as President Donald Trump pursues trade wars, purges the federal workforce and promises to deport millions of immigrants working in the United States illegally.
On Friday, the Labor Department issues the jobs report for March. According to a survey of forecasters by the data firm FactSet, it is expected to show that employers added 125,000 jobs last month, down from 151,000 in February and an average 168,000 a month in 2024. The unemployment rate is forecast to tick up to a still-low 4.2%.
RELATED TOPICS:
Shedeur Sanders’ Long Wait Ends When Browns Take Him in the 5th Round of the NFL Draft
15 hours ago
Only About Half of Republicans Say Trump Has Focused on the Right Priorities
19 hours ago
Shedeur Sanders Is Still Waiting for a Call as the NFL Draft Enters the Final Day
19 hours ago
Paul Skenes Strikes Out 9, Wins Duel With Yamamoto in Pirates’ Victory Over Dodgers
19 hours ago
Eovaldi Outlasts Verlander as Rangers Beat Giants
20 hours ago
Rams Take Oregon Tight End Terrance Ferguson in Second Round After Trading Out of First
20 hours ago

Is It Bad to Chew Gum All Day?

Dollar Doubts Dominate Gathering of Global Economic Leaders

Shedeur Sanders’ Long Wait Ends When Browns Take Him in the 5th Round of the NFL Draft

Only About Half of Republicans Say Trump Has Focused on the Right Priorities

Wired Wednesday: What’s the Future of Fresno Unified and the Superintendent Position?

Zakaria Draws Parallels Between Trump’s Tariffs, Failed 1930s Economic Policies
