Tuesday, May 10, 2016
Job Openings Jump In March
The JOLTS report offers upbeat news on the economy with job openings
jumping to 5.757 million in March from February's upwardly revised 5.608
million, boosting the job openings rate 1 tenth to 3.9 percent. And
employers, as indicated in this morning's small business optimism
report, may be having trouble filling the openings as the hiring rate
fell 1 tenth to 3.7 percent. The quits rate is unchanged at 2.1 percent
to indicate that workers are showing limited inclination to shift jobs.
Similarly, employers are showing limited inclination to cut jobs as the
layoffs rate fell 1 tenth to 1.2 percent. The labor market, despite
economic slowing, remains the nation's chief strength.
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