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The New York Times — Economy — Job Market — Labor And Jobs — Hiring And Promotion — Layoffs And Job Reductions

Job Openings Fell Slightly in January; Layoffs Rose

Demand for workers let up slightly in January, with job openings falling by 240,000 in the construction industry and layoffs rising by 241,000 to 1.7 million.

1 min read
  • Demand for workers let up slightly in January, a possible sign that employers are gradually easing off their frenetic pace of hiring even as the job market remains strong.
  • Job openings fell by 240,000 in the construction industry and declined slightly in leisure and hospitality.
  • Layoffs rose by 241,000 to 1.7 million in January, the highest number since December 2020.
  • The number of people voluntarily leaving their jobs fell in January by 207,000, to 3.9 million.
  • The one-month drop was the largest since May, adding to the sense that employees are losing some of their power and job security that had characterized the pandemic era.
Job Openings Fell Slightly in January; Layoffs Rose
The monthly data points to a cooling in the frenetic pace of hiring even as the labor market remains strong.
The New York TimesBy Sydney Ember

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