Job openings drop to lowest level since 2020

On Wednesday, payroll processor ADP reported that private employers added just 22,000 jobs last month, far fewer than forecasters had expected. And the outplacement firm Challenger, Gray & Christmas said Thursday that companies slashed more than 108,000 jobs last month, the most since October and the worst January for job cuts since 2009. "The hiring recession isn't going to end anytime soon,†Heather Long, chief economist at Navy Federal Credit Union, wrote in a commentary. "Job openings in December just fe ...