Why Job Openings Are Falling But Hiring Is Still Steady

The Bureau of Labor Statistics released the March JOLTS report on May 20, showing job openings fell to 6.87 million — the lowest since February 2021. But here's the twist: layoffs are not spiking, and hiring held firm at 5.7 million. Lucas and Luna break down what's really happening inside this data. Is the labor market merely normalizing, or is something deeper going on? They look at the quits rate, which has stabilized around 2.1 percent, and contrast it with the early-pandemic chaos. Plus, they explore how the decline in openings is concentrated in sectors like professional services and retail, while construction and health care still can't find enough workers. This episode gives you the one chart you need to understand the current labor market — and why the unemployment rate is stuck at 4.3 percent even as the economy adds jobs. #JOLTS #JobOpenings #LaborMarket #Hiring #QuitsRate #Unemployment #BureauOfLaborStatistics #Employment #Economics #Wages #ProfessionalServices #Retail #Construction #HealthCare #FexingoBusiness #BusinessPodcast #Podcast #Fexingo Keep every episode free: buymeacoffee.com/fexingo