Stable Job Market in January

The United States job market showed remarkable stability in January, with job openings holding steady at 7.7 million, as reported by the Bureau of Labor Statistics. The job openings rate remained unchanged at 4.6%, indicating a robust demand for labor across various sectors.

Hires and Separations Remain Unchanged

Similarly, the number of hires in January was steady at 5.4 million, maintaining a hire rate of 3.4%. The total separations, including quits, layoffs, and discharges, were consistent with December's figures, totaling 5.3 million at a rate of 3.3%. Specifically, quits were recorded at 3.3 million with a rate of 2.1%, while layoffs and discharges were at 1.6 million, reflecting a rate of 1%.