US job openings slip in March after strong gain
Source: AP-EXCITE
By CHRISTOPHER S. RUGABER
WASHINGTON (AP) — U.S. employers advertised slightly fewer jobs and slowed hiring a bit in March, though the declines came after healthy gains the previous month. The figures suggest the job market is improving in fits and starts.
The Labor Department said Friday that employers posted 4 million jobs in March, down 2.7 percent from February. But February's total nearly matched November's for the highest level of openings since January 2008, when the Great Recession was just beginning.
The report also showed that February's data for hiring and quits was revised much higher, indicating that the job market was in better shape that month than initially estimated. It's a good sign when more people quit their jobs, because most people do so to take a new position, frequently at higher pay.
Quitting also opens up a position that someone out of work can take.
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FILE - In this April 28, 2014 file photo, Natalie Silverstein, of the Broward County Transportation Department, left, explains the job openings at the County to job seeker Janely Ramos, right, during a job fair in Fort Lauderdale, Fla. The Labor Department releases job openings and labor turnover survey for March on Friday, May 9, 2014. (AP Photo/Alan Diaz, File)