U.S. Job Market Cools: Job Security High, New Hires Struggle

Current employees feel secure, but job seekers face tougher competition and fewer opportunities.

Job openings have dropped by more than a third since March 2022.
Temporary-help firms have cut jobs for 26 of the past 28 months.
Companies are hesitant to hire, making job searches longer and more difficult.
Recent graduates and entry-level workers are particularly affected by the competitive market.
Despite high interest rates, most companies have not resorted to layoffs.