The pace of hiring just fell to the lowest since 2011, outside of the pandemic [Yahoo! Finance]
NerdWallet, Inc. - Class A (NRDS)
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Source: Yahoo! Finance
Economists expected job openings to decline to 6.84 million from 6.95 million in January. - David Ryder/Bloomberg/Getty Images US businesses are adding workers at the weakest pace in 15 years, excluding the onset of the pandemic, new data showed Tuesday, a sign that there was an even deeper chill cutting through the labor market before the Middle East conflict threatened to shake the US economy. Hires as percentage of total employment dropped to 3.1% at the end of February, the lowest rate since April 2020 and, before that, 2011, according to the latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics. The hires rate dropped off from 3.4% in January, marking the steepest one-month decline outside of the pandemic since 2016, noted Laura Ullrich, director of economic research in North America at the Indeed Hiring Lab. “Which is concerning given the ongoing impacts of the conflict in Iran,” she wrote in a note Tuesday. The steepest pullbacks in hiring
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