Ticker: U.S. job openings fall to 5-year low; Iran seizes oil tankers 

U.S. job openings fell to the lowest level in more than five years, another sign that the American labor market remains sluggish.

The Labor Department reported Thursday that vacancies fell to 6.5 million in December — from 6.9 million in November and the fewest since September 2020. Layoffs rose slightly. The number of people quitting their jobs — which shows confidence in their prospects — was basically unchanged at 3.2 million.

December openings came in lower than economists had forecast.

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 fell to their lowest level since September 2020. It’s yet another sign of how little hiring – or interest in hiring – is happening in this economy.”

Iran seizes oil tankers

Iran seized two foreign oil tankers in the Persian Gulf on Thursday, state television reported, claiming the vessels had been smuggling fuel.

The report did not provide a nationality of the tankers or say what flag they were flying under.

Gen. Heidar Honarian Mojarrad, a regional commander with the Revolutionary Guard’s navy, said the tankers had been carrying about about 6,300 barrels of fuel, including diesel and were seized near Farsi island and transferred to Bushehr.

Fifteen crew members on board the two tankers are “in custody of judicial bodies,” he said.

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