US Job Openings Rise in March

U.S. job openings increased in March and employers appeared to have trouble filling openings, indicating the labor market remains fairly robust despite April’s slowdown in employment gains.

Job openings, a measure of labor demand, increased 149,000 to a seasonally adjusted 5.8 million, the Labor Department said on Tuesday. The increase lifted the jobs openings rate to 3.9 percent from 3.8 percent in February.

Hiring, however, fell to 5.3 million from 5.5 million in February, suggesting employers are probably not finding qualified workers for the open positions. The hiring rate slipped to 3.7 percent from 3.8 percent in March.

The monthly Job Openings and Labor Turnover Survey, or JOLTS, is one of the job market metrics on Federal Reserve Chair Janet Yellen’s so-called dashboard.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza