U.S. Job Openings Fall to 6.88 Million as Hiring Drops to April 2020 Low
February labor demand weakened across accommodation and food services, health care and social assistance, and manufacturing, while layoffs rose slightly and employers stayed cautious on new hiring.
Summary
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Terms & Concepts
- Labor demand: Employer appetite for workers, often reflected in job openings and hiring activity.
- Layoffs: Employer-initiated job cuts that can signal softer business conditions and a weakening labor market.