US Job Market Holds Steady in February

The United States job market remained stable in February, with job openings holding steady at 7.6 million, according to the latest report from the US Bureau of Labor Statistics. The job opening rate was recorded at 4.5%, mirroring January's figures.

Hiring and Separation Rates Unchanged

The Job Openings and Labor Turnover Survey (JOLTS) revealed that hiring rates were unchanged at 5.4 million, with the hires rate remaining at 3.4%. Similarly, total separations, including quits, were steady at 5.3 million, with a separations rate of 3.3%.

Quit Rates Reflect Job Market Confidence

The quits rate, often seen as a measure of worker confidence in the job market, stood at 2%, with 3.2 million quits recorded, indicating no significant change from the previous month.