Jobs
US Job Openings Hit Three-Year Low, Showing Cooling Labor Market
- Vacancies fell to 8.49 million, lower than most estimates
- Quits rate eased further in March, and hiring also slowed
This article is for subscribers only.
US job openings fell in March to the lowest level in three years while quits and hiring slowed, indicating more softening in the labor market.
Available positions decreased to 8.49 million from an upwardly revised 8.81 million reading in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Wednesday. The figure was lower than all but one estimate in a Bloomberg survey of economists.