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.