Job Openings Drop, Pay Inches Higher in December
The number of available jobs climbed for more than two straight years. Companies added positions faster than they could fill openings, and that created a strong market (though many of these openings were/are in lower-paying fields).
Job openings dropped by 1.8% year-over-year in December, according to Glassdoor's most recent Job Market Report. That's the first time that has happened in over two years (since March 2017), and while this one drop is not a reason to panic, there has been a disturbing trend.
"The drop in U.S. job openings continues a rapid deterioration in labor demand seen over the past few months, with 530,000 fewer job openings in December than the September peak of nearly 6.2 million open jobs on Glassdoor," wrote Glassdoor's Daniel Zhao. "While the current level of job openings is still healthy, it is a return to the lowest levels seen since July 2018."
Source Fool.com
