Slack in U.S. Job Market Kept Waning Even During March Slump
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Slack in the U.S. job market showed signs of diminishing in March even amid the weakest payroll gain in over two years.
More employees quit than at any time since 2008, while a slight pickup in hiring was met by an even larger gain in firing, according to figures from the Labor Department issued Tuesday. The report also showed the number of positions waiting to be filled decreased by 150,000 to 4.99 million from a revised 5.14 million in February that was the highest in 14 years.