US Job Openings Drop to 6.86 Million as Hiring Increases
U.S. job openings fell to 6.866 million in March while hiring rose to 5.554 million. This labor market stability supports expectations for steady interest rates.
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The United States Labor Department reported job openings fell 56,000 to 6.866 million by the end of March. The figure exceeded the 6.835 million forecast by Reuters economists as hiring surged by 655,000 to 5.554 million. Resilient labor demand supports expectations that the Federal Reserve will maintain interest rates between 3.50% and 3.75% this year.
