November Signals a Slowdown in U.S. Hiring and Job Growth

November Signals a Slowdown in U.S. Hiring and Job Growth

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Holmdel, NJ, Dec. 03, 2019 (GLOBE NEWSWIRE) — As 2019 comes to an end, U.S. employers slowed their hiring activity and opened fewer new jobs in November, according to iCIMS’ Monthly Hiring Indicator (MHI). Before seasonal adjustments, new hires declined 14.2% and new job openings declined 14.1% – their largest monthly declines since at least 2015. After seasonal adjustments, the decline in hiring and job openings were 0.1% and 0.6%, respectively. Lower demand for workers was evident across industries, but particularly in retail trade.

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