Jobs

US job openings rebound in March, hiring little changed

Key Points
  • U.S. job openings rebounded sharply in March, while the pace of hiring was little changed, pointing to a growing worker shortage that could slow employment growth this year.
  • Job openings, a measure of labor demand, surged by 346,000 to a seasonally adjusted 7.5 million, the Labor Department saidin its monthly Job Openings and Labor Turnover Survey, or JOLTS, on Tuesday. There was an increase in vacancies in the construction and transportation industries.
The Toyota Motor manufacturing plant in Georgetown, Kentucky.
Charles Bertram | Lexington Herald-Leader | Tribune News Service | Getty Images

U.S. job openings rebounded sharply in March, while the pace of hiring was little changed, pointing to a growing worker shortage that could slow employment growth this year.

Job openings, a measure of labor demand, surged by 346,000 to a seasonally adjusted 7.5 million, the Labor Department saidin its monthly Job Openings and Labor Turnover Survey, or JOLTS, on Tuesday. There was an increase in vacancies in the construction and transportation industries.

The job openings rate rose to 4.7 percent from 4.5 percent in February. Hiring was little changed at 5.7 million in March.

The economy created 263,000 jobs in April, with the unemployment rate dropping two-tenths of a percentage point to 3.6 percent, the government reported last Friday.

Next Article
Key Points
  • Economists expect 190,000 jobs were added in April, but markets are on edge after this week's Fed meeting.
  • The reports earlier in the winter were highly volatile, but April's hiring is expected to be similar to the 196,000 nonfarm payrolls created in March.
  • According to Dow Jones data, the unemployment rate is expected to rise by 0.3% and the unemployment rate is expected to hold steady at 3.8%.