00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. job openings fell to their lowest level in more than five years,
00:06signaling continued weakness in the American labor market, according to AP.
00:11The Labor Department said job openings fell to 6.5 million in December from 6.9 million in November,
00:18the lowest level since September 2020. Layoffs increased slightly,
00:22while the number of people quitting jobs held steady at 3.2 million.
00:26The economy shows strong growth, with gross domestic product expanding at its fastest pace
00:31in two years from July through September. Employers have added an average of 28,000 jobs per month
00:37since March, far below the roughly 400,000 monthly gains seen during the 2021 to 2023 hiring boom.
00:44Economists expect about 70,000 jobs were added in January, up from 50,000 in December.
00:50For all things money, visit Benzinga.com.
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