Federal Reserve’s preferred employment data: U.S. job openings declined in February, hiring activity slowed significantly

This indicates that labor demand had already begun to cool before further uncertainty triggered by the Iran war. According to data released by the US Bureau of Labor Statistics (BLS), job openings dropped from the upwardly revised 7.24 million in January (the highest level since May last year) to 6.88 million, with economists’ median forecast at 6.89 million.Related articles:US February JOLTS job openings: 6.882 million, expected: 6.89 million, previous: 6.946 million