Despite the drop, the number of layoffs ticked lower in February, and more Americans quit their jobs — a sign of confidence they can find better pay or working conditions elsewhere.
WASHINGTON — U.S. job openings slipped to 9.9 million in February, fewest since May 2021 and a sign that the job market may be starting to cool, which would be welcome news for the inflation fighters at the Federal Reserve.
. Over the past year, the Fed has raised its benchmark rate nine times in a drive to corral inflation that last year hit a four-decade high. The surge in consumer prices has eased since mid-2022 but remains well over the central bank's 2% year-over-year target.
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