Finance-related job openings are collapsing: Finance and insurance job openings fell -117,000 in December, to 134,000, the lowest level since February 2012. Available vacancies in these sectors have dropped -410,000, or -75%, since the 2022 peak. Openings are now even lower than at the 2001 recession bottom. By comparison, the largest monthly decline during the 2008 Financial Crisis was -125,000. As a result, the finance and insurance job openings rate fell to 1.9%, meaning fewer than 2 out of every 100 jobs in the sector are currently vacant, the lowest since February 2010. Excluding the 2009-2010 lows, this is the lowest rate recorded this century. The finance industry is bracing for more layoffs.