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US job openings fall to 6.5 million, fewest since 2020, as labor market remains sluggish
Job openings dropped to 6.5 million in December, the lowest since 2020, as employers slow hiring and shift focus toward automation, signaling weaker labor demand.
- On Thursday, the U.S. Bureau of Labor Statistics reported U.S. job openings fell to about 6.5 million at the end of December, the lowest since September 2020.
- Analysts say employer demand has cooled, with many firms setting plans at the end of 2025 and redirecting spending toward artificial intelligence testing rather than posting jobs.
- Hiring, quits and layoff rates held steady with workers quitting at 3.2 million, initial jobless claims rose to 231,000 for the week that ended January 31, and employers announced 108,435 job cuts in January.
- Stocks extended losses after the labor data, with the Dow down 637 points, despite strong GDP growth from July through September.
- Looking at monthly trends, employers have added far fewer jobs than during the boom, and Elizabeth Renter said the hiring recession 'isn't going to end anytime soon' as monthly gains since March are about 28,000, far below the 400,000 in the 2021–23 period.
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Job openings fewest since 2020: BLS
The Bureau of Labor Statistics (BLS) on Thursday reported the fewest job openings on the market since 2020. December job openings reflected a downward trend at 6.5 million, marking a 966,000 decrease year over year, per the BLS. Professional and business services openings declined by 257,000 positions, while retail trade saw a 195,000 decrease in…
·Washington, United States
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Coverage Details
Total News Sources63
Leaning Left11Leaning Right5Center34Last UpdatedBias Distribution68% Center
Bias Distribution
- 68% of the sources are Center
68% Center
L 22%
C 68%
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