The labor market is gradually cooling down! The number of job vacancies in the United States decreased in February

The number of job vacancies in the United States fell to 7.57 million in February, below expectations, indicating a gradual cooling of the labor market. Although layoffs remain low, corporate investment plans are affected by policy uncertainty, which may suppress the job market and economic growth. Federal Reserve Chairman Jerome Powell pointed out that the current state of the job market is characterized by "low layoffs and low hiring." Consumer confidence has declined, and businesses warn that future demand may weaken, potentially impacting hiring plans. The resignation rate remains at 2%, as workers choose to retain their current jobs due to pessimistic economic prospects