Team Blitz India
US job openings fell to a threeyear low in March, while the number of people quitting their jobs declined, signs of easing labour market conditions that over time could aid the Federal Reserve’s fight against inflation.
Job openings, a measure of labour demand, were down 325,000 to 8.488 million on the last day of March, the lowest level since February 2021, the Labor Department’s Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on May 2. Data for February was revised slightly higher to show 8.813 million unfilled positions instead of the previously reported 8.756 million.
Economists polled by Reuters had forecast 8.686 million job openings in March. Vacancies peaked at a record 12.0 million in March 2022. The number of people quitting their jobs dropped 198,000 to 3.329 million in March.
