The American labour market is showing signs of slowing down. Job openings are decreasing, and the unemployment rate is rising. This is primarily due to a reduced demand for certain industries and skills. Businesses are adjusting their hiring plans, prioritizing employee retention. Many companies are offering incentives to existing workers, seeking to maintain productivity. The overall impact is a more cautious approach to workforce expansion. The lack of new job creation is raising concerns about future economic growth.
Credits: Finance & economics