Analysis: U.S. job openings declined in February, and the hiring pace has significantly slowed down.

Deep Tide TechFlow news. March 31, according to data from JIN10, the United States’ February job openings fell, and hiring clearly slowed, indicating that labor demand had already started to cool before the additional uncertainty caused by the Iran war. Data released by the U.S. Bureau of Labor Statistics on Tuesday showed that job openings decreased from 7.24 million, as revised upward from January, to 6.88 million. After job openings rebounded at the start of the year, hiring and openings slowing in sync suggests that after a year of near-zero growth, companies have become more cautious about staffing. Looking ahead, the sharp jump in oil prices triggered by the war may raise operating costs for businesses and pose resistance to further hiring. The decline in job openings was mainly driven by pullbacks in accommodation and food services, healthcare and social assistance, and manufacturing. The hiring rate fell to the lowest level since April 2020, while the layoff rate rose slightly. Although large companies, including Meta and Oracle, are moving forward with large-scale layoffs to reallocate resources to artificial intelligence investment, the overall layoff level in the broader economy remains relatively moderate.