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US December JOLTs Job Openings Fall to Lowest Level Since September 2020

Job openings declined to 6.542 million, well below market expectations and marking a significant labor market slowdown.

Summary

The US December JOLTs report showed job openings falling to 6.542 million, the lowest since September 2020. The figure missed market expectations of 7.2 million. November's openings were revised down from 7.146 million to 6.928 million, indicating continued softening in labor demand.

Terms & Concepts
  • JOLTs: Job Openings and Labor Turnover Survey, a monthly report by the U.S. Bureau of Labor Statistics tracking job vacancies, hires, and separations.
  • Labor Market Slack: A condition where available jobs are fewer than the number of people seeking work, indicating reduced employment opportunities.