US job openings dropped to a 3-year low of 8.5 million in March, with fewer workers quitting and lower layoffs.

US job openings dropped to a 3-year low of 8.5 million in March as fewer workers quit, while layoffs fell. Despite the decrease, job openings remain historically high, indicating a resilient job market amid rising interest rates. The Labor Department reported that employers posted 8.5 million vacancies in March, down from 8.8 million in February. This marks the lowest level since February 2021.

May 01, 2024
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