The U.S. labor market, while loosening in recent quarters, remains unusually tight. U.S. job openings fell to 8.8 million in November, the lowest level since early 2021 but still well above pre-pandemic levels, the Bureau of Labor Statistics reported this month.
Hiring declined to the lowest level since early 2020, while the ratio of openings to unemployed people remained at 1.4, the same level as in October. READ MORE