U.S. Job Market Still Robust Despite Small Drop in Openings and Quits

• U.S. job openings remained elevated at 8.86 million in January, signaling a still-healthy job market • Layoffs fell modestly, but so did Americans quitting jobs - less confidence in finding better opportunities • Openings have declined from a March 2022 peak of 12 million but are still historically high pre-2021 • Despite higher interest rates, the U.S. economy has proven resilient recently • Employers keep adding jobs monthly, with 353,000 added in January and 200,000 forecast for February