The JOLTS report showed that job vacancies totaled 9.59 million for the month, down from 9.97 million in February.
Job vacancies totaled 9.59 million for the month, down from 9.97 million in February and below the FactSet estimate for 9.64 million.
Layoffs and discharges jumped by 248,000, taking the rate as a share of the workforce up to 1.2% from 1%.An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, April 7, 2023.Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. jobs market is loosening up and possibly putting less pressure on inflation, the Labor Department reported Tuesday.showed that job vacancies totaled 9.
At the same time, layoffs and discharges jumped by 248,000 to just over 1.8 million, taking the rate as a share of the workforce up to 1.2% from 1%. Though the data set runs a month behind the nonfarm payrolls number, the Federal Reserve watches the JOLTS report closely for signs of labor slack. A lower number is positive for inflation as it indicates less pressure on wages and could ease pressure on the Fed to continue raising interest rates.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: JOLTS Job Openings decline to 9.59 million in March vs. 9.77 million expectedUS: JOLTS Job Openings decline to 9.59 million in March vs. 9.77 million expected – by eren_fxstreet Employment EconomicIndicator Macroeconomics UnitedStates
Read more »
This Gen Zer replaced her résumé with her TikTok and got the jobInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Here's what Powell's critics are saying about his job leading the FedHere's what Jerome Powell's critics and defenders have been saying as the Fed gets ready to possibly raise rates for the last time in the current cycle
Read more »
Classmates honor recovering 13-year-old Pickerington student hit by a car in March13-year-old La'Tavion Anderson has been in the hospital for more than a month after being hit by a car in March. He suffered severe brain damage. On Saturday his track team honored him during a meet.
Read more »
March for Babies Chicago hosts annual walk to raise funds, maternal mortality awarenessThere were 12 maternal deaths per 100,000 people in 2000 vs. 21 maternal deaths per 100,000 people in 2021, according to the World Health Organization.
Read more »