US Job Openings Top Expectations at 10.8 Million

The video discusses the current state of the labor market, highlighting that despite some revisions, the market remains tight with a stable hiring rate. Quits have slightly decreased, while layoffs have increased, though not yet reflected in jobless claims. The Fed's decision on interest rates remains uncertain, with upcoming reports potentially influencing their stance. The Fed is not locked into a specific rate change and is waiting for more data before making a decision.

What does the unchanged quits rate indicate about job seekers' confidence?

What is the significance of the upcoming March meeting for the Fed?