The number of job vacancies in the United States has decreased, indicating a gradual cooling of the labor market

News on April 1st, the number of job vacancies in the United States decreased in February, while layoffs remained sluggish, further proving that the labor market is only gradually cooling down. The decrease in job vacancies is due to declines in retail trade, financial activities and accommodation and food services. After steadily declining from its peak in 2022, job vacancies have basically stabilized near pre-pandemic levels. However, uncertainty surrounding Trump's policies is putting business investment plans on hold, which could also suppress employment markets and overall economic growth. In addition, consumers are more pessimistic about their employment prospects and financial situation according to recent confidence surveys; companies including Walmart and American Airlines Group have warned that future demand will weaken. To some extent this means spending has significantly reduced and businesses' recruitment plans may also be hit.