The U.S. Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey (JOLTS) report on Tuesday. Job openings declined to 5.445 million in February from 5.604 million in January, missing expectations for a fall to 5.500. January’s figure was revised up from 5.541 million.
The number of job openings declined for total private (4.960 million) in February from January, while the number of job openings rose for government (486,000).
The hires rate was 3.8% in February.
Total separations increased to 5.050 million in February from 4.977 million in January.
The JOLTS report is one of the Federal Reserve Chair Janet Yellen’s favourite labour market indicators.
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