US job openings stay steady at nearly 8.9 million in January, a sign labour market remains strong

The US job market remains healthy, with 8.86 million job vacancies posted in January, slightly down from 8.89 million in December. Although layoffs fell modestly, the number of Americans quitting their jobs remained at historically high levels. The economy has shown resilience despite higher interest rates, with the Federal Reserve raising its benchmark interest rate 11 times between March 2022 and July 2023.
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