Fe­bru­ary job open­ings fall by the most since 2015

The Buffalo News - - BUSINESS -

Job open­ings fell in Fe­bru­ary by the most in more than three years while still ex­ceed­ing the num­ber of un­em­ployed Amer­i­cans, a sign of some po­ten­tial re­lax­ation in a con­sis­tently tight la­bor mar­ket.

The num­ber of po­si­tions wait­ing to be filled de­creased by 538,000 to 7.09 mil­lion from an up­wardly re­vised 7.63 mil­lion in the prior month, ac­cord­ing to the La­bor Depart­ment’s Job Open­ings and La­bor Turnover Sur­vey, or JOLTS, re­leased Tues­day. The quits rate held at 2.3 per­cent for a ninth straight month, in­di­cat­ing Amer­i­cans feel con­fi­dent in their abil­ity to find new em­ploy­ment.

– Bloomberg News

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