U.S. Job Openings Hit a Two-Year Low Job openings have exper...

U.S. Job Openings Hit a Two-Year Low
Job openings have experienced a significant decline, dropping from a peak of 12 million last year to 8.7 million in October.
This figure falls below all estimates in a Bloomberg survey of economists.
Additionally, the ratio of job openings to unemployed individuals slid to 1.3, marking the lowest point since mid-2021. At its peak in 2022, the ratio stood at 2-to-1.
The labor market is showing signs of cooling.