
05/10/2022
There are signs the hot job market is cooling — but workers still have bargaining power for now, according to labor economists.
Job openings, a barometer of employers’ demand for workers, saw a near-record monthly decline in August. Openings fell by 1.1 million to 10.1 million, according to U.S. Department of Labor data issued Tuesday — a monthly decrease eclipsed only by April 2020, in the early days of the coronavirus pandemic, when they fell by roughly 1.2 million.