Employers cut nearly half a million job openings last week as coronavirus froze hiring nationwide

As of Monday, March 23, job openings declined nearly 9% on a weekly basis, according to a report released Tuesday by Glassdoor economist Daniel Zhao.The decline, which accounted for about half a million jobs, was the worst one-week drop since 2016. Over half of employers have reduced job openings since mid-February, with one in five pausing…

Employers cut nearly half a million job openings last week as coronavirus froze hiring nationwide

As of Monday, March 23, job openings declined nearly 9% on a weekly basis, according to a report released Tuesday by Glassdoor economist Daniel Zhao.The decline, which accounted for about half a million jobs, was the worst one-week drop since 2016. Over half of employers have reduced job openings since mid-February, with one in five pausing all job openings, according to Glassdoor data.Visit Business Insider’s homepage for more stories.

The coronavirus pandemic has led to huge layoffs in the US as employers scramble to cut costs as business activity drops. It’s also meant that companies are freezing hiring, taking thousands of jobs off the market as unemployment spikes. As of Monday, March 23, job openings declined nearly 9% on a weekly basis, according to a report released Tuesday by Glassdoor economist Daniel Zhao. The decline, which accounted for about half a million jobs, was the worst one-week drop since 2016. The report showed that hiring
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