U.S. Labor Market in February
The U.S. labor market held steady in February with little change in job openings, hires, and separations despite rising anticipation of new tariffs from the Trump administration. Job openings slipped to 7.6 million, led by drops in retail, finance, and leisure and hospitality. Hiring remained firm at 5.4 million. The quits rate stayed at 2.0 percent, indicating worker confidence.
Key Points
- Job openings declined to 7.6 million
- Hiring remained stable at 5.4 million
- Quits rate stayed at 2.0 percent
Pros
- Stability in the U.S. labor market despite tariff anticipation
- Hiring held firm at 5.4 million
Cons
- Job openings slipped to 7.6 million
- Some sectors experienced increased layoffs and quits