News about jobs

Job openings and quits both fell in March as a wide range of labor market indicators are consistent with a cooling economy--and a labor market that, broadly, is like where it was in 2019--with lower quits but higher openings (with a question of whether openings were trending up). pic.twitter.com/6fjPOvlGBB

🇺🇸April #jobsreport will likely point to a cooling labor market ▶️+215k gain in nonfarm payrolls: below consensus 240k ▶️Unemployment rate flat at 3.8%: 27th month <4% ▶️Wages +0.3% m/m & 4.0% y/y (-0.1pt): softest increase since June 2021

The tightest labor market in US history continues to loosen with Job Openings moving down to 8.49 million (lowest since Feb 2021) and the Quits Rate moving down to 2.1% (lowest since Aug 2020). pic.twitter.com/z5AcXHR7FM

🇺🇸March #JOLTS: Slowing labor demand via much softer hiring as quitting has normalizing, but still limited layoffs 🔻Job openings: 8.49mn (-325k): low since 02/21 🔻Hiring: 5.50mn (-281k): low since Covid 🔻Quits: 3.14mn (-185k); low since 01/21 ⚠️Layoff: 1.44mn (-155k) pic.twitter.com/z1dDolFYAR