Jobs
US Job Openings Fall, Layoffs Jump in Sign of Softer Labor Market
- Job openings dropped a third month in March to 9.59 million
- Layoffs rose to highest since 2020, led by construction
A "Now Hiring" sign outside a business in Lithonia, Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Vacancies at US employers fell in March by more than forecast and layoffs jumped, indicating softening demand for workers.
The number of available positions decreased for a third-straight month to 9.59 million from nearly 10 million a month earlier, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday. That was the lowest in nearly two years and fell short of the median estimate in a Bloomberg survey of economists.