<ul><li>Job openings increased in November, but so did layoffs, creating uncertainty in the labor market.</li><li>This uncertainty may lead consumers, especially those living paycheck to paycheck, to reduce their spending or reprioritize their expenses.</li><li>The latest Job Openings and Labor Turnover Survey (JOLTS) report showed a 3.3% growth in job openings in November, primarily in the financial activities and professional services sectors.</li><li>However, layoffs and discharges also increased, and job openings remained 9.3% lower than in November 2023.</li></ul>

As Hiring Stalls, Will Consumers Pull Back on Spending?

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