February JOLTS Report Shows Significant Drop in Job Openings.
TL;DR Summary
Job openings in the U.S. fell to 9.931 million in February, below the consensus estimate of 10.4 million, indicating a cooling job market. The job openings rate also declined from 6.4% to 6.0%. The largest decreases in job openings were in professional and business services, health care and social assistance, and transportation, warehousing, and utilities. However, the number of layoffs and discharges decreased to 1.504 million.
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