Job Openings Decline as Consumer Confidence Also Falls

The video discusses a decline in consumer confidence, with figures falling below forecasts. It highlights changes in employment perceptions, noting a slight increase in jobs perceived as hard to get. The JOLTS report shows a decrease in job openings, which is seen as positive for the Fed due to a previously tight labor market. The rate of hires remains stable, while the number of quits slightly decreases, indicating reduced confidence in job availability.

What does the report suggest about the rate of hires and separations?

What trend is observed in the number of quits in the job market?