🚨 BREAKING: The U.S. job market is showing serious cracks.
watch these top trending coins closely
In November, job openings plunged by 303,000, falling to 7.146 million — the second-lowest since December 2020. Analysts expected 7.648 million, so this was a sharp miss. October was also revised down to 7.449 million from 7.670 million.
The ratio of job openings to unemployed workers dropped to 0.91, hitting levels last seen in 2017. The non-farm hiring rate sank to 3.2%, the second-lowest since January 2011 — eerily close to the lows during the Great Financial Crisis.
Put simply: there are fewer jobs available than before the pandemic, hiring is slowing, and the market is weakening fast. Leading indicators suggest this trend could accelerate, meaning more pressure on wages, slower economic growth, and potential trouble for consumers and businesses alike.
Even under President Donald J. Trump, the labor market showed resilience, but current trends point to a rapid slowdown. Jerome Powell, Chair of the Federal Reserve, will likely monitor these numbers closely, as tightening or easing monetary policy could hinge on such labor market signals.
This isn’t just numbers — it’s a warning signal for the U.S. economy.