Job Openings Stall as Layoffs Rise in a Cooling U.S. Labor Market

U.S. job openings held nearly steady at 7.7 million in October, indicating continued uncertainty about the direction of the economy.

Transcript

00:00U.S. job openings held nearly steady at 7.7 million for the month of October,

00:05indicating continued uncertainty about the direction of the economy.

00:09Layoffs climbed to almost 1.9 million, the highest since January 2023,

00:14while the number of workers quitting declined, signaling fading confidence in job prospects.

00:19Openings have steadily fallen from their March 2022 peak

00:22as the labor market cools under the weight of prior interest rate hikes.

00:26The broader economic picture remains murky, with volatility compounded by President Donald Trump's

00:32sweeping shift away from decades of free trade policy towards widespread tariffs.