US Job Openings Plummet to Five-Year Low in December 2025 Amid Cooling Labor Market.
Job seekers face a bleak job market as the number of job openings dropped to its lowest level in over five years, according to the latest data from the US Bureau of Labor Statistics. The figure, released on Thursday, shows that the number of job openings decreased by 386,000 to 6.542 million, the lowest level since September 2020.
This significant drop in job openings is a sign of a cooling labor market, which could potentially impact hiring and employment trends in the coming months. Economists had forecasted 7.2 million unfilled jobs, but the actual figure fell short of expectations.
While the number of unfilled jobs remained at 6.928 million after revisions for November's data, hiring increased to a still-low 5.293 million positions. This increase in hiring, however, is insufficient to offset the decline in job openings.
The drop in job openings could be attributed to various factors, including snowstorms that affected many parts of the country and normalization post-holiday season fluctuations. The Bureau of Labor Statistics noted that initial claims for state unemployment benefits jumped 22,000 to a seasonally adjusted 231,000 for the week ended January 31.
Despite this surge in jobless claims, economists are cautioning against an impending recession, with chief economist Carl Weinberg stating that there is no sign of layoffs in a weakening labor market. The current level of unemployment claims remains low and well within the recent range over the past two years.
The delay in Friday's job report, which would provide a more accurate snapshot of the jobs market, could further fuel uncertainty about the state of the economy. As the US government continues to grapple with its latest shutdown, one thing is clear: the labor market remains in a "low hire, low fire" mode, characterized by low levels of hiring and firing.
Job seekers face a bleak job market as the number of job openings dropped to its lowest level in over five years, according to the latest data from the US Bureau of Labor Statistics. The figure, released on Thursday, shows that the number of job openings decreased by 386,000 to 6.542 million, the lowest level since September 2020.
This significant drop in job openings is a sign of a cooling labor market, which could potentially impact hiring and employment trends in the coming months. Economists had forecasted 7.2 million unfilled jobs, but the actual figure fell short of expectations.
While the number of unfilled jobs remained at 6.928 million after revisions for November's data, hiring increased to a still-low 5.293 million positions. This increase in hiring, however, is insufficient to offset the decline in job openings.
The drop in job openings could be attributed to various factors, including snowstorms that affected many parts of the country and normalization post-holiday season fluctuations. The Bureau of Labor Statistics noted that initial claims for state unemployment benefits jumped 22,000 to a seasonally adjusted 231,000 for the week ended January 31.
Despite this surge in jobless claims, economists are cautioning against an impending recession, with chief economist Carl Weinberg stating that there is no sign of layoffs in a weakening labor market. The current level of unemployment claims remains low and well within the recent range over the past two years.
The delay in Friday's job report, which would provide a more accurate snapshot of the jobs market, could further fuel uncertainty about the state of the economy. As the US government continues to grapple with its latest shutdown, one thing is clear: the labor market remains in a "low hire, low fire" mode, characterized by low levels of hiring and firing.