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Job Openings Declined in February, Showing Labor Market ‘Gradually Cooling’

  • The number of job openings in the United States declined to 7.57 million in February, down from 7.76 million in January and 8.45 million in February 2024.
  • The decline in the number of available positions exceeded economists' expectations, signaling a labor market that is gradually cooling.
  • Job openings in the finance and insurance industry dropped by 80,000 in February compared to January.
  • Consumer confidence and sentiment have also been negatively impacted, contributing to the cooling labor market.

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