US labor market hiring rate rises as job openings slip in March
Updated
Updated · Barron's · May 5
US labor market hiring rate rises as job openings slip in March
4 articles · Updated · Barron's · May 5
The Labor Department said 5.6 million Americans were hired, the best hiring rate in more than a year, while layoffs edged up to 1.2% from 1.1%.
More workers also quit voluntarily, suggesting improved confidence and job-switching opportunities, even as openings fell from 4.2% in February to 4.1% in March.
Economists still describe a low-hire, low-fire market, with elevated rates, policy volatility and an immigration crackdown weighing on hiring while firms remain reluctant to cut staff.
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