The U.S. Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey (JOLTS) report on Tuesday. Job openings jumped to 5.757 million in March from 5.608 million in February, beating expectations for a fall to 5.412. February’s figure was revised up from 5.445 million.
The number of job openings rose for total private (5.251 million) and for government (506,000) in March from February.
The hires rate was 3.7% in March.
Total separations decreased to 5.045 million in March from 5.159 million in February.
The JOLTS report is one of the Federal Reserve Chair Janet Yellen’s favourite labour market indicators.
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